Iranian foreign minister "unmoved by threats" from US
On Friday, the USA had unleashed a fresh wave of sanctions on Iran, blacklisting 13 individuals and 12 companies.
Among those sanctioned on Friday were companies, individuals and brokers the USA treasury accused of supporting a trade network run by Iranian businessman Abdollah Asgharzadeh.
One against already-sanctioned Iranian businessman Abdollah Asgharzadeh involves several Chinese companies and suppliers, mainly the Cosailing Business Trading Company based in Qingdao.
Iran is to deploy missiles for a Revolutionary Guards exercise on Saturday in a show of defiance a day after the United States imposed sanctions over a ballistic missile test launch last weekend.
A fiery statement from Trump's national security adviser, Michael Flynn, marked some of the most aggressive rhetoric by the administration that took office on January 20, making clear that Obama's less confrontational approach toward Iran was over. "It does no good to dismiss it and at the same time I don't see any need to increase the number of forces we have in the Middle East at this time". Tehran says it has not carried out any work on missiles specifically created to carry nuclear payloads.
Iran criticized the move, saying it would not allow its domestic security to become the focus of worldwide debate.
Tehran confirmed on Wednesday that it had test-fired a new ballistic missile, but said the test did not breach the Islamic Republic's nuclear agreement with world powers or a UN Security Council resolution endorsing the pact.
On Saturday, Iran announced that it will take "reciprocal action" against USA individuals and companies.
The official said that no individual or entity which had sanctions dropped under the JCPOA was impacted by Friday's new sanctions.
The move came days after Iran launched a ballistic missile test, which drew a stern warning from Washington. Trump had said in his election campaign that he would restrict missile programme of Iran.
That was followed up by tweets from President Trump this morning.
In a statement, the Treasury Department said the measures are "fully consistent" with United States commitments under the 2015 Iran nuclear deal, which is formally known as the Joint Comprehensive Plan of Action (JCPA).
The remarks by Flynn are "baseless and provocative", Qasemi said, adding that "none of the Iranian missiles has been designed for delivering nuclear weapons".
For its part, Iran has urged the USA not to overreact to the tests.
"Iran is playing with fire - they don't appreciate how "kind" President Obama was to them".
Those targeted by the Treasury Department include various agents, companies and associates involved in procuring ballistic missile technology for Iran.
However, although Apple said this week it is keen to "invest significantly" in India, it has not confirmed any plans. Apple is to start making iPhones in the southern Indian state of Karnataka, the state's government has said.
Pledges to scrap regulation that stifles businesses, to boost the U.S. economy, were a focus of Mr Trump's election campaign. Most of Dodd-Frank is focused on banks and other financial institutions, but some elements cut across industries.
Mr Trump and his national security adviser Michael Flynn did not elaborate on what retaliatory actions the U.S. could pursue. Administration officials said they were not accusing Iran of violating the nuclear agreement with its recent missile test.
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