Iran's supreme leader says no war or talks with U.S.

German Economy Minister Peter Altmaier

German Economy Minister Peter Altmaier

Iran's supreme leader Ayatollah Ali Khamenei said Monday that there would be neither war nor negotiations with the United States.

Tensions are escalating between the USA and Iran after the Trump administration re-imposed economic sanctions against Iran last week. The Times of Israel notes Khamenei's outline on his English Twitter account as to why negotiations are out of the question, in which he calls the U.S. government a "duplicitous" one that uses a bait-and-switch-style "formula" during talks.

Although the other parties to the agreement - Britain, France, Germany, China and Russian Federation - have vowed to resist United States sanctions, many foreign companies have already abandoned projects in Iran for fear of U.S. penalties. "I do not call it betrayal but a huge mistake in management", state TV quoted Khamenei as saying.

"With better management and more efficient planning we can resist the sanctions and overcome them", Khamenei said, in an apparent effort to deflect public anger over the deteriorating economy toward Rouhani's government.

The rial has lost about half of its value since April in anticipation of the renewed U.S. sanctions, driven mainly by heavy demand for dollars among ordinary Iranians trying to protect their savings.

The judiciary said Sunday it had arrested 67 people under a sweeping corruption crackdown and prevented 100 government employees from leaving the country.

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As Middle East Eye reported last month, the govenrment's attempt to unify the dollar's official and black market exchange rates completely backfired.

There have been widespread protests and strikes in recent weeks over high prices, unemployment and structural failures in the economy.

Trump has threatened another round of sanctions on November 5 against Iran's energy-related transactions and business that foreign financial institutions conduct with the Central Bank of Iran.

The sanctions prevent Iran from trading in gold and precious metals.

"Not that sanctions don't have an impact, but the main factor is how we handle them".

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