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Rouhani Vows Continued Oil Exports Despite US Sanctions

© REUTERS / Lucas JacksonIranian President Hassan Rouhani speaks at a news conference near the United Nations General Assembly in the Manhattan borough of New York, U.S., September 22, 2016
Iranian President Hassan Rouhani speaks at a news conference near the United Nations General Assembly in the Manhattan borough of New York, U.S., September 22, 2016 - Sputnik International
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Iran is remaining resolute when it comes to the country continuing to export its oil in the face of US sanctions specifically targeted at the sector, President Hassan Rouhani vowed on Monday.

"We will not yield to this pressure that is part of the psychological war against Iran," Rouhani declared during a live, televised speech he delivered from the city of Khoy.

The sanctions so far have "failed to stop our oil exports," Rouhani said, vowing to "keep exporting it."

The president said that the US blames Iran for its own failures in the region. While the sanctions targeting Iran stem from the US withdrawal from the Joint Comprehensive Plan of Action (JCPOA), or Iran Nuclear Deal, Washington's overall posture towards the country is marked by hostility towards Tehran's foreign policy, specifically as it pertains to the rest of the Middle East. The US accuses Iran of interfering in countries like Syria and Yemen, where America is itself heavily entrenched. 

This Nov. 17, 2007, file photo, shows a portion of the Tehran oil refinery, in Tehran, Iran - Sputnik International
Iranians Blame Trump, Not Tehran, For Slumping Economy

US President Donald Trump pulled out of the Iran Nuclear Deal in May, imposing related sanctions first in August and adding more in early November, despite UN weapons authorities' contention that Iran has been in compliance with the terms of the JCPOA. The US was the only party to the agreement that withdrew.

The November 5 sanctions are the "toughest ever," according to Trump. The currency of Iran, the rial, has lost more than half of its value since the US withdrew from the JCPOA.

Iran has looked at relaxing its laws when it comes to the exchange of cryptocurrency in a bid to counter the devastating effects of US sanctions on its economy.

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