"Escalating #EconomicTERRORISM against Iranians exposes panic & desperation of US regime — and chronic failures of its client co-conspirators… Inheritors of ancient Persian civilization don't base strategy on 'advice' of foreigners — let alone Americans," Zarif said on Twitter.
The comment was made in wake of Monday's announcement made by the White House, saying that the United States would end its sanctions waivers for importers of Iranian oil starting on May 2.
After US President Donald Trump announced Washington's withdrawal from the Iran nuclear deal last May, he granted in November six-month waivers to eight countries dependent on Iranian energy imports — China, Greece, India, Italy, Japan, South Korea, Taiwan, and Turkey — that exempted them from the US sanctions.
However, the move has led to the reinstatement of the country's sanctions against Iran, which had been previously lifted under the agreement. Two rounds of sanctions have been put into effect since then, including large-scale restrictions covering Iran oil exports.