“State terrorism”: Iran condemns new US economic measures
- Iran strongly condemns the latest US economic measures, describing them as illegal and reprehensible.
- Tehran urges other countries to refrain from implementing US sanctions.
- Iran calls on the international community and United Nations bodies to take action against Washington's measures.
Iran strongly condemned the latest economic measures imposed by the United States (US) on Friday, describing Washington's sanctions policy as “state terrorism”, according to a statement from the Iranian Foreign Ministry cited by Reuters.
Tehran said the US economic campaign constitutes a “ruthless tool” designed to inflict pain and suffering on the Iranian population, arguing that the sanctions put the health and livelihoods of millions of civilians at serious risk.
The Iranian Foreign Ministry went further by describing the US economic measures as an international crime and a crime against humanity. It called on the international community, including United Nations (UN) bodies, to act to uphold international law.
Iran also urged countries to refrain from implementing the US sanctions, arguing that participation in the measures would amount to complicity in imposing one state's “unlawful will” on others.
Tehran added that it remains determined to use all its capabilities to defend the country against what it described as a combined US-Israeli military and economic assault.
Key takeaways
New US economic measures against Iran amount to "State terrorism", are illegal and reprehensible.
US economic campaign is a ‘ruthless tool’ designed to inflict pain and suffering on iranians.
US sanctions put health and livelihoods of millions of civilians at serious risk.
US economic measures amount to an international crime and a crime against humanity.
New US policy requires international community, including UN bodies, to take action to uphold rule of law.
Iran urges countries to refrain from implementing US sanctions.
Tehran determined to use all its capabilities to defend country against 'combined US-israeli military, economic assault'.
Participation in u.S. Sanctions amounts to 'complicity in imposing one state’s unlawful will' on others.
Market reaction
The US Dollar (USD) pares some of its intraday gains on Friday, with the US Dollar Index (DXY) stabilizing around 99.20, up a modest 0.05% on the day, as investors await a speech from Federal Reserve (Fed) Chair Kevin Warsh at Jackson Hole, due later in the day.
US Dollar Price Today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Japanese Yen.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.06% | 0.02% | 0.16% | -0.05% | -0.08% | -0.03% | -0.10% | |
| EUR | -0.06% | -0.04% | 0.11% | -0.16% | -0.14% | -0.06% | -0.16% | |
| GBP | -0.02% | 0.04% | 0.13% | -0.13% | -0.11% | -0.04% | -0.12% | |
| JPY | -0.16% | -0.11% | -0.13% | -0.23% | -0.25% | -0.21% | -0.28% | |
| CAD | 0.05% | 0.16% | 0.13% | 0.23% | -0.03% | 0.02% | -0.06% | |
| AUD | 0.08% | 0.14% | 0.11% | 0.25% | 0.03% | 0.05% | 0.00% | |
| NZD | 0.03% | 0.06% | 0.04% | 0.21% | -0.02% | -0.05% | -0.07% | |
| CHF | 0.10% | 0.16% | 0.12% | 0.28% | 0.06% | 0.00% | 0.07% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
Author
Ghiles Guezout
FXStreet
Ghiles Guezout is a Market Analyst with a strong background in stock market investments, trading, and cryptocurrencies. He combines fundamental and technical analysis skills to identify market opportunities.
