India's Reliance Industries, operator of the world's largest oil refining complex, on Friday said in a statement it was not breaching US sanctions against Venezuela.

Iran will respond firmly to any Israeli naval action against its oil shipments, Iran's defence minister said on Wednesday, in comments that came a week after Israel's prime minister said its navy could act against Iranian oil "smuggling" to enforce US sanctions.

Iran hopes a new trade channel with Europe aimed at cushioning the blow of reimposed US sanctions will be working within weeks, its deputy foreign minister said on Wednesday.

Indian traders will export raw sugar to Iran for March and April delivery, five trade sources said, the first Indian sugar sales to Tehran in at least five years as Iran struggles to secure food supplies under sanctions imposed by the United States.

Iran said on Saturday it had many options to neutralise the reimposition of US sanctions on its oil exports, the semi-official Tasnim news agency reported, adding that Tehran's clerical rulers had no plans to hold talks with Washington.

Iran has remained within the key limits on its nuclear activities imposed by its 2015 deal with major powers despite growing pressure from newly reimposed US sanctions, a report by the UN nuclear watchdog indicated on Friday.

The United States on Monday announced criminal charges against China's Huawei Technologies Co Ltd, escalating a fight with the world's biggest telecommunications equipment maker which denies wrongdoing, and coming days before trade talks with Beijing.

Iran's President Hassan Rouhani on Tuesday presented a $47 billion state budget with increased spending on lower income groups, saying US sanctions would affect people's lives and economic growth but not bring the government to its knees.

Iran's President Hassan Rouhani struck a defiant stance against US sanctions on Tuesday, renewing his threat to cut off international oil sales from the Gulf.

Iran will continue to export oil despite US sanctions, which are part of a psychological war doomed to failure, Iranian President Hassan Rouhani said on Monday.

Iran and Iraq could raise their annual bilateral trade to $20 billion from the current level of $12 billion, President Hassan Rouhani said on Saturday, amid concerns in Tehran over the economic impact of renewed US sanctions.

Iranian special courts set up in a drive against economic crime have sentenced two people to death, state media said on Sunday, as the country faces renewed US sanctions and a public outcry against profiteering and corruption.