Iran Under Pressure As US Reimposes Oil, Financial Sanctions

INSUBCONTINENT EXCLUSIVE:
in order to curb its missile and nuclear programs and counter its growing military and political influence in the Middle East.The move will
designations in Iran's oil, shipping, insurance and banking sectors.President Donald Trump announced in May that his administration was
withdrawing from what he called the "worst ever" agreement negotiated by the United States
Other parties to the deal, including Britain, France, Germany, China and Russia, have said they will not leave.Details of the sanctions will
be released at a news conference scheduled for 8:30 a.m
EST (1330 GMT) with Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin.China, India, South Korea, Japan and Turkey - all
top importers of Iranian oil - are among eight countries expected to be given temporary exemptions from the sanctions to ensure crude oil
will ensure a well supplied global oil market, with help from ally Saudi Arabia, as Iran oil is cut back
Front-month Brent crude futures, the international benchmark for oil prices, were at $72.53 per barrel on Monday.The reimposition of the
sanctions comes as the United States is focused on U.S
congressional and gubernatorial elections on Tuesday
Campaigning in Chattanooga, Tennessee, late on Sunday, Trump said his "maximum pressure" policy against Iran was working."Iran is a much
different country than it was when I took office," said Trump, adding: "They wanted to take over the whole Middle East
Right now they just want to survive."Earlier, thousands of Iranians chanted "Death to America" at a rally to mark the anniversary of the
policies to safeguard its macroeconomic stability in the face of sanctions.Senior Iranian officials have dismissed concerns about the impact
to its economy."America will not be able to carry out any measure against our great and brave nation We have the knowledge and the
headline, this story has not been edited by TheIndianSubcontinent staff and is published from a syndicated feed.)