"Until then, our historic sanctions will remain in full force", he said, hours after his two Cabinet members, Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin, announced that the USA would reimpose a series of crippling sanctions on Iran beginning on Monday.
"In May, President Donald Trump pulled the U.S. out of the 2015 landmark Joint Comprehensive Plan of Action (JCPOA) terming it as disastrous".
Last month, Iran's foreign minister, Javad Zarif, accused Washington of being "addicted" to sanctions.
However, Mr Trump said the deal left Iran free to destabilise the region by funding militias and using its influence to further its interests.
The official White House Twitter account also quote-tweeted Trump's announcement, writing, "The United States has launched a campaign of economic pressure to deny the regime the funds it needs to advance its bloody agenda!" The US is reimposing nearly all the sanctions it lifted on signing the global deal with Iran in 2015. In a joint statement from the European Union high representative and foreign ministers of France, Germany, and they United Kingdom, they say they "deeply regret the further re-imposition of sanctions by the U.S".
"Our ultimate aim is to compel Iran to permanently abandon its well-documented outlaw activities and behave as a normal country", Pompeo told reporters in a conference call with Treasury Secretary Steven Mnuchin. This was a major impediment for India as it is heavily dependent on Iranian oil. They are the second lot of sanctions re-imposed by Mr Trump since May. Pompeo pointed to Iranian missile development and its involvement in conflicts across the Middle East, as well support for terrorism and assassinations of dissidents in Europe.
What's the point?Oil is big business in Iran, with exports accounting for more than a tenth of gross domestic product in 2017.
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The effort could lead the department to make recommendations to Congress for legislation to address the threat, he added. Ho, a Taiwanese national, who before leaving Micron allegedly stole confidential DRAM materials, US officials say.
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Taiwan's state oil company, CPC Corporation, Taiwan, said it had not received any information about the island country's fate, but a waiver would be positive, especially since it would help with the diversification of oil sources.
U.S. allies such as Italy, India, Japan and South Korea are among the eight, the Associated Press reports. These hawks, Politico reported, were apparently in agreement with Trump's national security adviser, John Bolton, that the administration's plan was not restrictive enough.
"The possibility of America being able to achieve its economic goals through these sanctions is very remote and there is certainly no possibility that it will attain its political goals through such sanctions", he said.
The US on Friday granted an exemption to eight countries including India to continue buying oil from Iran. "It is obviously impossible to exclude Iranian oil from the market", Kardor told ISNA.
The report discusses an unsealed indictment in the USA which "provides detail on Iran's use of deceptive practices to procure export controlled items with military applications from the U.S. and elsewhere". But senior administration officials refused to spell out the names on Friday.
Washington will on Monday reintroduce far-reaching sanctions on Iran's vital oil sales and banking sectors.