Iran said on Saturday it would resist the pressures of US sanctions by relying on its natural and human resources, as Washington pushes allies to cut economic ties with Tehran.
"It is a critical moment for our economy, but we are not in a dead end," Vice President Eshagh Jahangiri was quoted as saying by the state news agency IRNA.
"This country has plenty of human and natural resources that can rely on."
"The size of our oil and gas resources is number one in the world. In minerals and metals we are among the top 10 countries,” Jahangiri said.
Washington has withdrawn from a deal that had lifted sanctions on Tehran in return for curbs on its nuclear programme.
Sanctions imposed in August target Iran’s trade in gold and other precious metals, its purchases of US dollars and its car industry.
US President Donald Trump has said a new round of sanctions will be imposed in November, targeting Iranian oil sales.
Iran’s Supreme Leader Ayatollah Ali Khamenei last week rejected Trump’s offer of talks.
Iran's rial currency has lost about half of its value since April, driven mainly by heavy demand for dollars among ordinary Iranians trying to protect their savings.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
Turkey to end flight ban on Sulaymaniyah airport in Iraq
Troop firing kills Hamas fighter
Car bomb strikes Syrian regime’s stronghold Latakia
Hamas armed wing member killed by Israeli fire after soldier injured
Car bomb hits Syria regime stronghold Latakia
Attack on convoy in Syria ‘kills five’
Saudi-led air strikes leave three dead in Sanaa: rebels
Sudan police confront protesters as president rejects accusations
Sudan unrest enters second month with protests in Omdurman