TEHRAN, Iran — Iran greeted the re-imposition of U.S. sanctions on Monday with air defence drills and a statement from President Hassan Rouhani that the nation faces a “war situation,” raising Mideast tensions as America’s maximalist approach to the Islamic Republic takes hold. The new American sanctions particularly hurt Iran’s vital oil industry, a crucial source of hard currency for its anemic economy. “Today, Iran is able to sell its oil and it will sell,” Rouhani vowed Monday as the sanctions kicked in. “We are in the war situation, ” Rouhani said. “We are in the economic war situation.

Source: National Post November 05, 2018 05:51 UTC