- Tag results for US sanctions
China, the largest importer of Iranian oil, is negotiating a similar arrangement.
The Trump administration says it wants to cut Iran's oil exports to zero - which would deprive the Iranian government of its biggest source of hard currency.
The sanctions come at a time when the US is maintaining pressure on the North Korean government in its negotiations to denuclearize the Korean Peninsula.
The United States is reimposing sanctions on Iran following Washington's decision in May to withdraw from a 2015 international deal aimed at curbing Tehran's nuclear programme.
President Hassan Rouhani has faced mounting pressure from lawmakers over his handling of an economic crisis, partly triggered by the withdrawal of the United States from the 2015 nuclear deal.
Despite the sanctions, Putin said a summit with Trump in Helsinki last month had been useful and praised the benefits of direct dialogue.
France's energy giant Total has left billion-dollar gas project in Iran after US sanctions: Oil minister
The United States said in May that it was reimposing sanctions on Iran in two phases in August and November, with the second targeting the country's vital oil and gas sector.
Turkey's president has said his country will stand strong against an "attempted economic coup" amid heightened tensions with the US.
Washington had warned yesterday that it would impose more sanctions unless pastor Andrew Brunson, described by US President Donald Trump as a "hostage", was released.
Mnuchin yesterday suggested the next spiral of tit-for-tat sanctions was coming soon.
Russia-based Profinet Pte violated United Nations sanctions by providing port services to sanctioned North Korean-flagged ships at three eastern Russia ports.
Erdogan has said Turkey would boycott US electronic goods like the iPhone in retaliation for punitive sanctions from Washington.
Last week, the Trump administration had said it would impose new sanctions against Russia to punish Moscow for the use of a nerve agent in an assassination attempt on a British citizen and his daughte
U.S. intelligence agencies have singled out Iran as one of the main foreign cyber threats facing America, along with Russia, China and North Korea.
US President Donald Trump reimposes tough, unilateral sanctions against Iran after exiting 'horrible' nuclear deal
Iranians are already seeing the effects of the sanctions, with Iran's rial currency losing around half its value since Trump announced the US would withdraw from the 2015 nuclear accord.