oil sector

US sanctions loom over Iran’s oil sector

MNA Business Desk: Thousands of Iranians chanting “Death to America” rallied on Sunday to mark the anniversary of the seizure of the US Embassy during the 1979 Islamic Revolution and the imminent re-imposition of US sanctions on Iran’s oil sector.

Students attending the government-organised rally in the capital Tehran, broadcast live by state television, burned the Stars and Stripes, an effigy of Uncle Sam and pictures of President Donald Trump outside the former embassy compound.

Hardline students stormed the embassy on Nov 4, 1979, soon after the fall of the US-backed shah, and 52 Americans were held hostage there for 444 days. The two countries have been enemies ever since.

State media said millions turned out for rallies in towns and cities, swearing allegiance to the clerical establishment and Supreme Leader Ayatollah Ali Khamenei, reported news agency,

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