"Iran is not waiting for America's decision or the lack of it to export its oil", Tasnim quoted the source as saying."We have years of experience in neutralising efforts by enemies to strike blows against our country", the source added.
The decision, announced on Monday by Secretary of State Mike Pompeo, is created to completely close the spigot on Iranian oil.
Secretary of State Mike Pompeo was to discuss the move at the State Department Monday morning.
The United States reimposed sanctions in November on exports of Iranian oil after U.S. President Donald Trump unilaterally pulled out of a 2015 nuclear accord between Iran and six world powers last May. The waivers were issued in part to give those countries more time to find alternate energy sources but also to prevent a shock to global oil markets from the sudden removal of Iranian crude. It will surely reduce Iran's exports below the approximately 1.2 million-barrels-per-day level they were at as of the end of March... Radhi added that Iraq may be a subject to additional US sanctions for its financial dealings with Iran in gas and electricity.
Iranian officials have threatened to close the waterway in the past amid rising tension with the USA and Tangsiri's remarks could be an attempt to deter the US from its plan to slash the nation's oil exports.
They have also made the case that as a neighbor of Iran, Turkey can not be expected to completely close its economy to Iranian goods.
Israeli Prime Minister Benjamin Netanyahu (neh-ten-YAH'-hoo) is praising the Trump administration's decision to end sanction waivers for countries importing Iranian oil.
Geng Shuang, a Chinese Foreign Ministry spokesman, said at a daily news briefing in Beijing on Monday that it opposed unilateral USA sanctions against Iran and that China's bilateral cooperation with Iran was in accordance with the law.
"We will continue to apply maximum pressure on the Iranian regime until its leaders change their destructive behavior, respect the rights of the Iranian people, and return to the negotiating table", Pompeo said in an April 22 statement.
China, one of Iran's largest customers, slammed the step, calling it more evidence of U.S. Still, Bloomberg reports that South Korea would be hit hard because it needs ultra-light condensate used in petrochemicals, although that is found in abundant supply in the U.S.
Those arguments fell on deaf ears within the administration.
Pompeo said the aim of the sanctions was to convince Iran to act like "a normal country".
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"We're going to zero", Pompeo said.
Last year, Pompeo laid out a wish list of 12 demands for Iran to meet if it wants sanctions lifted.
In a statement carried by the official IRNA news agency on Monday, the Foreign Ministry said: "Regarding the illegal status of the sanctions, the Islamic Republic of Iran basically has not seen and does not see any worth and validity for the waivers". It said Iran has intensified consultations with its "European and global partners" and that a "necessary decision" would be announced later, without elaborating. "In the event of any threats, we will not have the slightest hesitation to protect and defend Iran's waterway".
But when the waivers expire on May 2, the United States could sanction the remaining five countries - China, India, Japan, South Korea and Turkey.
Neither Pompeo nor senior state department officials would say whether sanctions would be immediately imposed on the affected countries on 3 May, if oil purchases continued. Both said questions about such provisions were "hypothetical", suggesting that some accommodation may be possible.
"Saudi Arabia and others in OPEC will more than make up the Oil Flow difference in our now Full Sanctions on Iranian Oil", Trump tweeted today.
Brent crude, used to price worldwide oils, jumped $1.84, or 2.6% to $73.80.
He said it was "monitoring the oil market developments" after the US statement, without committing to raising production. He said the link between oil prices and the USA economy has diminished as American oil production has increased.
"The kingdom will coordinate with other oil producing countries to ensure adequate supplies to consumers", he added.
"This decision will deprive the ayatollahs of billions of dollars that they would have spent undermining the security of the United States and our allies, building up Iran's nuclear and ballistic-missile programs and financing global terrorism", he said.
The Trump administration feels under time pressure to have the Joint Comprehensive Plan of Action (JCPOA) collapse before the expiration in October 2020 of a provision of the UN Security Council resolution that enshrines the deal that would enable Iran to purchase conventional arms, said Ali Vaez, Iran director at the International Crisis Group.