Trump brought back the punishing sanctions after unilaterally pulling out of a landmark 2015 deal between Tehran and Western powers to halt Iran's nuclear ambitions. The Trump administration on Monday reimposed sanctions, with further measures set to take effect in November.
Turkey's Energy Minister Fatih Donmez also said that his country would continue to buy natural gas from Iran.
That's because the EU is trying to protect European businesses that are trading in Iran from facing USA sanctions.
Iran's President Hassan Rouhani - who insists that its nuclear programme is entirely peaceful - has accused Mr Trump of waging "psychological warfare", and ruled out face-to-face talks with him while the sanctions remain in place.More news: Disney’s CEO Gives New Details About The New Disney Streaming Service
"If the Americans want to keep this simplistic and impossible idea in their minds they should also know its consequences".
"U.S. President Donald Trump has warned that countries trading with Iran will not be doing business with the United States".
Danish engineering company Haldor Topsoe, one of the world's leading industrial catalyst producers, said on Wednesday it would cut around 200 jobs from its workforce of 2,700 due to the new U.S sanctions on Iran, which made it very hard for its customers there to finance new projects.
However, the EU blocking statute is thought unlikely to do much to stem the outflow of European investment from Iran driven by firms anxious about losing access to U.S. money markets.
European countries, hoping to persuade Tehran to continue to respect the nuclear deal, have promised to try to lessen the blow of sanctions and to urge their firms not to pull out.More news: Boris Johnson told to apologise over 'totally out of order' burka comments
"An worldwide consensus against the U.S. move has been shaped", he noted.
Since it unilaterally pulled out of the deal in May, Washington has told other countries that they must halt all imports of Iranian oil from November 4, or face USA financial measures.
German Foreign Minister Heiko Maas, however, warned that the unilateral U.S. sanctions could further destabilise the Middle East and boost "radical forces" in the region.
Following Trump's announced United States departure from the deal in May, the White House has, through 17 rounds, sanctioned 38 Iran-related targets.
"Isolating Iran could boost radical and fundamentalist forces", he said, adding that "chaos in Iran, as we have experienced in Iraq or Libya, would further destabilise an already troubled region".More news: College student includes massive gator in graduation photos
Iranian Foreign Minister Mohammad Javad Zarif said Tehran would continue to export oil and other goods in the face of sanctions that the US has imposed in an effort to cripple the country's missile and nuclear enrichment programs, as well as the country's ability to wage war in Syria and parts of Iraq, Reuters reported, citing an Iranian newspaper. "America has zigzagged constantly, so now no one trusts them".
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