The White House has confirmed it is to reinstate all previous U.S. sanctions on Iran that were removed under the 2015 nuclear deal.
Iran reached an agreement with the six world powers including the US and the European Union in 2015, which curtailed its nuclear programme in return for lifting of the worldwide economic sanctions.
The expected list of exemptions to eight jurisdictions, that too temporary, is far less than the 20 countries, including India, which were exempted from Iranian sanctions during the previous Obama administration, he said. India has to keep its development needs in mind and also not to annoy the U.S. at the same time. These sanctions hit at core areas of Iran's economy. Mr Trump argues that the terms of the deal are unacceptable and it has not stopped Iran developing a ballistic missile programme and intervening in neighbouring countries, including Syria and Yemen. The two actresses were clearly not happy about Trump's decision to use their show's promotional materials for his own political gain and HBO even accused him of "trademark misuse".
Former US-Iran deal negotiator and sanctions official Richard Nephew expressed similar concerns.
The last time global sanctions were imposed on its oil industry between 2010 and 2016, Iran's exports fell by nearly a half. The sanctions will come into effect on Monday.
"During 2012-2015, when the global community was relatively united in pressuring Iran, Iran's economy shrank by 9 percent per year, crude oil exports fell from about 2.5 million barrels per day to about 1.1 mbd, and Iran was unable to repatriate more than $120 billion in reserves held in banks overseas".
He set out 12 demands that Iran must meet in order to have the sanctions lifted.
Mr Pompeo said: "Our ultimate aim is to compel Iran to permanently abandon its well-documented outlaw activities and behave as a normal country". Besides India, the U.S. has agreed to let seven more countries including Japan and South Korea to keep buying oil from Iran after it reimposes sanctions next week. The International Atomic Energy Agency (IAEA) has confirmed in twelve consecutive reports that Iran is abiding by its commitments under the Agreement.
Earlier in the day, Bloomberg reported, citing an anonymous senior official from the U.S. administration, that the United States had agreed to grant eight states, including India, Japan and South Korea, waivers from the upcoming USA sanctions targeting Iranian oil sector.
Turkey imports nearly almost half of its oil from neighbouring Iran.
"So in 2012, not buying Iranian oil and living up to very tough sanctions ... was a way in their mind to avoid a war", Ross said on a call hosted by the Washington Institute for Near East Policy today, referring to the Europeans.
Washington's top diplomat refused to comment on what specific actions the Trump administration may take against Moscow and Beijing, should both countries decide to continue to do business with Tehran.
After the USA withdrawal from the deal, Trump signed fresh sanctions against Iran and warned countries against any cooperation with Tehran over its controversial nuclear weapons programme.