Iran condemns new US sanctions
Iran condemned the sanctions the US placed on it, effective starting Wednesday. Under the new sanctions, countries are prohibited from procuring oil from Iran in foreign currencies. Furthermore, Iranian Foreign Minister Ramin Mehmanparast told the Maher news agency that this demonstrates US hostility towards Iran.


Iran also reported that it is creating a governmental exchange trade committee which will supervise oil sales by the private sector and the import of merchandise. (AFP)