U.S. will be defeated in fresh anti-Iran move

Watch India's IT Capital Running Dry

Watch India's IT Capital Running Dry

Iran's supreme and spiritual leader, Ayatollah Ali Khamenei, has set out seven conditions to be met by Europe to preserve the global nuclear deal, the Al-Jazeera TV quoted him as saying.

Iran's military threatened the USA on Wednesday, saying that in the event of an American attack, leaders in Washington will end up like deposed and executed Iraqi dictator Saddam Hussein.

"We seek to work with as many partners, friends, allies as possible to achieve the common objective of stopping all of Iran's nuclear and non-nuclear threats", he added.

Tehran must also allow "unqualified access" to all nuclear sites in the country.

Europe and the United States remain deeply divided over how to proceed after Washington's exit from the 2015 Iran nuclear accord, German foreign minister Heiko Maas said on Wednesday after back-to-back meetings with two senior USA officials.

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Since campaigning to be president, Mr Trump has been heavily critical of the deal, and earlier this month he threatened economic sanctions on companies which did business with both Washington and Tehran.

The older U.S. sanctions prohibited nearly all trade with Iran.

The elite Guard said in a statement: "The American leaders. have got this message that if they attack Iran, they will encounter a fate similar to that of Saddam Hussein".

Following Mike Pompeo's speech, the United States imposed new sanctions against officials of Iran's Revolutionary Guard for allegedly providing ballistic missile-related expertise to Houthi rebels in Yemen.

With global oil prices reaching three year highs, and with USA shale producers taping wells that see the bulk of its profits during the first few years of production as opposed to conventional wells that see profits spread out over a long time horizon, Iran's hope that the European Union can rescue its oil exports and any hope that oil markets will miss its barrels may be just a pipe dream.

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Russian Federation and China were also signatories to the Iran nuclear deal, but no demands were made of these countries. Other parties to the deal - Britain, China, Russia and Germany - have expressed a desire to keep the existing agreement in place.

Media captionWhat is the Iran nuclear deal?

"If they restart their nuclear program, they will have big problems, bigger problems than they've ever had before", he said, also threatening to "crush" Iran's terrorist proxies around the world". He also called for a ban on a heavy-water reactor, which is the most basic way to develop nuclear energy.

Pompeo on Wednesday told a House Foreign Affairs Committee hearing that the administration meant to work with "as many partners, friends and allies as possible" to stop what he described as all of Tehran's nuclear and non-nuclear threats.

Asked whether any companies would receive waivers from the sanctions, Pompeo demurred, noting that penalties would snap back in full in 90 and 180 days, depending on the provision.

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