Iranian state television aired footage of defense drills taking place in the country's north through Tuesday as President Hassan Rouhani said the nation faces a "war situation" against a "bullying enemy".
The sanctions end all the economic benefits America granted Tehran for its 2015 nuclear deal with world powers. However, he confirmed that eight countries had permission to keep buying Iranian oil for the time being, despite earlier threats of a tough line.
Wallace attempted to press Pompeo on the alleged Swift exemptions, to which the Secretary of State said: "The Iranian banks that engage in sanctionable behavior will be sanctioned by the Department of Treasury, period, full stop".
The US side was unmoved.
The move has raised tensions in the Middle East as America's maximalist approach to the Islamic Republic takes hold.
This is true even where their governments have signaled support for Iran, as the sanctions would expose them to harm they can otherwise avoid.
Pompeo responded by saying that no one would call either himself or President Trump soft on Iran.
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Saudi Arabia's top prosecutor Saud al-Mojeb walks to board a plane to leave Turkey, in Istanbul , Wednesday, Oct, 31, 2018. Germany has suspended export licenses to the kingdom, while U.S.
Oil prices dipped on Monday as the start to US sanctions against Iran's fuel exports was softened by waivers that will allow some countries to still import Iranian crude, at least temporarily.
Iraq is not only next to Iran, it is economically and culturally so intertwined with Iran that it is not obvious if Iraq would have the capacity to break away completely from Iranian oil. "In 2019, our projections are that oil supply will exceed demand, and that creates a much better atmosphere for us to bring remaining nations to zero as quickly as possible", Hook said.
"We were not aware of this and would prefer that our trademark not be misappropriated for political purposes", said HBO.
The other parties to the nuclear deal see it as an important bulwark against the risk of wider war in the Middle East and have reaffirmed their commitment to it. Iran has said it could leave the pact if the European Union cannot protect its economic benefits. The effect of the initial sanctions is already being felt -the rial has plummeted, Iran's economy is depressed and the results are evident.
Iranian oil exports have fallen by about a million barrels a day in that time, though India and China have continued to purchase it.
"Sanctions have always existed and we are used to them", one demonstrator said.
Iranian leaders and particularly IRGC officials often make threatening remarks about the US and its allies in the region.
Supreme Leader Ayatollah Ali Khamenei also said Iran's arch-adversary the United States had failed to reassert its domination over Iran since the country's 1979 Islamic Revolution that toppled the US-backed Shah.
USA secretary of state Mike Pompeo has said the Trump administration is committed to reducing Iranian crude imports by its major buyers China and India to "zero" and warned ominously, but without specifics, "watch what we do".