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Washington has withdrawn from a deal that had lifted sanctions on Tehran in return for curbs on its nuclear programme.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LEAVE A COMMENT Your email address will not be published.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*
EU calls for de-escalation of tension in Jerusalem
Turkey accuses Israel of 'terror' over Palestinian clashes at Al-Aqsa
'Suicide drones' targets Ain al-Asad airbase: Iraq
OHCHR calls on occupation to end eviction of Sheikh Jarrah homes
Khamenei slams Israel, calls it a ‘terrorist base’
Saudi to make Covid-19 vaccinations mandatory for all workers
Kuwait reports 1253 new coronavirus infections, 11 deaths
Hard but sweet-smelling slog in Morocco’s Valley of the Roses
Third rocket attack in three days targets US in Iraq: army