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According to the hype from Capitol Hill, US restrictions against Iran coming into force at midnight are meant to economically punish the nation by preventing the sale of any Iranian oil outside of the nation's borders, although with the announcement of multiple waivers, the sanctions are instead likely to result in an increase of exports from the Middle Eastern country.

The restoration of U.S. sanctions on Monday targeting Iran's oil sales and banking sectors is part of a wider effort by Trump to force Tehran to halt its nuclear and ballistic missile programmes outright, as well as support for proxy forces in conflicts across the Middle East.

The second, and final round of, U.S. sanctions go into effect on Monday, specifically targeting Iran's crude oil exports, shipping and ports and the financial system.

Senator Marco Rubio of the Senate Foreign Relations Committee responded to the administration's announcement, specifically noting the SWIFT transactions issues as well as the issuance of SREs: "More must be done to press the SWIFT financial messaging service to once again sever connections with the Central Bank of Iran and other sanctioned Iranian banks by a certain date".

"We will proudly break the sanctions", he said at a meeting of economic officials.

However, analysts doubt this will materially lessen the impact of sanctions on Iran.

The reimposition of sanctions "is aimed at depriving the regime of the revenues it uses to spread death and destruction around the world", Pompeo said.

U.S. Secretary of State Mike Pompeo says Iranian crude exports are already down by 1 million barrels a day.

Thousands of other protesters pressed around the compound, responding to a call by the country's new leader, Ayatollah Khomeini, to attack USA and Israeli interests.

He added that Iran must meet 12 demands in order to see the sanctions lifted, including ending its support of its terror proxies in Syria and stopping its nuclear and ballistic missile development.

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The biggest decreases came on the east coast, led by Newfoundland and Labrador, Prince Edward Island and New Brunswick. Nationally, the jobless rate lowered to 5.8 per cent - a 0.1 per cent dip from last month's count of 5.9.

Asked about the prospect of the country restarting a nuclear program, Pompeo replied that "We're confident the Iranians will not make that decision" on CBS' "Face the Nation".

"We are in the war situation", Rouhani said.

"Sanctions have always existed and we are used to them", said one woman protester who only gave her name as Torabi.

Iran's clerically-led government celebrates the embassy takeover every year as a decisive blow against the United States, which had supported the autocratic rule of Shah Mohammad Reza Pahlavi.

Britain, France, Germany and the European Union strongly condemned the latest actions from Washington in a joint statement, and have vowed to preserve the nuclear deal, known formally as the Joint Comprehensive Plan of Action (JCPOA).

Another demonstrator Sunday, Jamshid Zarei, waved a banner in English quoting Iran's Supreme Leader Ayatollah Ali Khamenei saying: "America can't do a damn thing".

"Iran is a much different country than it was when I took office", said Trump.

Washington has said it will ensure a well-supplied global oil market, with help from ally Saudi Arabia, as Iran oil is cut back.

It is 39 years since 52 American citizens were taken hostage and held for 444 days after hardline students stormed the United States embassy.

"America has launched an economic and psychological war as a last resort".