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The Iranian President has called the new U.S. measures ‘mentally disabled’

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With tensions running high between the two countries, Trump signed an executive order imposing the sanctions, which U.S. Treasury Secretary Steven Mnuchin said would lock billions of dollars more in Iranian assets.

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Trump also said the sanctions would have been imposed regardless of the incident over the drone that was downed by Iran over entering its airspace with no permission. 

 “Today, Iran is under severe economic sanctions,” Jubeir told Le Monde newspaper in an interview published on Monday. “These sanctions will be strengthened. If Iran continues its aggressive policies, it will have to pay the price.”

Tension are running high between longtime foes Iran and the United States after U.S. President Donald Trump on Friday said he called off a military strike to retaliate for the Middle East nation’s downing of an unmanned U.S. drone.

Iranian President Hassan Rouhani said U.S. military presence in the Gulf region is creating "new tension" while U.N. chief urged for non-escalation of tensions. 

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Iranian officials say they are set to 'confront any threat' and won't allow the nation's borders to be 'violated' by the U.S. after they downed a U.S. drone Thursday.

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Iranian defense minister says Trump is creating 'Iranophobia' around world to justify U.S. attacks on the country. EU and U.S. politicians want diplomacy to calm regional tensions.

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“In his message, Trump said he was against any war with Iran and wanted to talk to Tehran about various issues...He gave a short period of time to get our response but Iran’s immediate response was that it is up to Supreme Leader (Ayatollah Ali) Khamenei to decide about this issue."

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Iran shot down a U.S. reconnaissance drone near the Strait of Hormuz on Thursday after the unmanned aircraft reportedly violated the Islamic Republic's airspace. 

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During the early hours on Thursday, the IRGC air force shot down an American spy drone that had violated Iranian airspace in the Kuh Mubarak region of the Hormozgan Province.

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