Iran must break Israel’s back if fighting resumes, lawmaker urges

The minimum response to the European trio over the snapback sanctions is expelling their ambassadors, Iran parliament’s national security committee spokesman Ebrahim Rezaei said on Sunday.

“For years we have not been able to sell our oil normally, and the snapback is nothing new,” Rezaei added.

He called the sanctions’ impact negligible. “The Security Council measures add nothing new to previous sanctions,” he said.

“This is psychological warfare launched by the Americans, the Zionists, and some pro-Western elements inside the country.”

He attributed the rise in the dollar and other currencies not to sanctions but to “psychological atmosphere building.”

Iran’s membership in the Nuclear Non-Proliferation Treaty has been useless, Supreme National Security Council representative Saeed Jalili said in a speech.

He recalled that in 2013, during Hassan Rouhani’s presidency, Iran had 19,000 centrifuges and 10,000 kilograms of uranium enriched to 3% and 20%.

Jalili described the only benefit of the 2015 nuclear deal as “learning a lesson.”

He criticized Iranian officials for adhering to the treaty, calling NPT membership useless.

“Americans are wrong to tell us to shorten our missile range. What business is it of theirs how far our missiles reach?” Iranian armed forces spokesman Abolfazl Shekarchi said on Sunday.

“What role do Americans have in the world that they decide for us?” he added.

The central bank said the intervention is aimed at reducing demand in the open market and providing reassurance to businesses.

Analysts told the semi-official Fars news agency the injection could cut the dollar rate by up to 100,000 rials in the short term if delivered as cash or immediate transfers, though the effect would be limited if allocated through longer-term instruments.

Economists caution that such interventions often provide only temporary relief unless paired with structural reforms to boost exports, manage inflation and ensure transparency in foreign currency allocations.

The Iranian rial weakened on Sunday following the reimposition of snapback sanctions, trading at 111,400 per dollar, 130,370 per euro and 149,620 per pound on the open market.

A significant share of Iran’s trade is with countries that oppose the activation of the snapback mechanism and have formally expressed that stance, Iran's deputy foreign minister for economic diplomacy Hamid Qanbari said on Sunday.

He called the return of sanctions unenforceable and described the move as “psychological,” saying Europeans “tried to exaggerate.”

“Those who act on the basis of these psychological effects usually end up losing,” Qanbari added.