Most of Iran’s trade is with states opposing snapback, official says

The snapback mechanism carries no significant effect compared to US sanctions aside from psychological pressure, parliament’s national security committee member Vahid Ahmadi said on Sunday.

“Today the power of resistance as a real and existing fact was able to stand against the arrogant power and its followers and defeat them,” Ahmadi added.

Media, journalists and social activists must help "neutralize the enemy’s role" after the return of UN sanctions, judiciary spokesman Asghar Jahangir said on Sunday.

“We will act against those who disturb the public’s psychological security,” Jahangir warned.

“Today’s cyberspace is full of rumors and lies,” he added.

Iran’s central bank will inject $500 million into the market to reduce pressure on the free dollar rate, state media reported on Sunday.

The intervention will begin Monday, according to local reports. Fars News affiliated with the Revolutionary Guards said if released in cash or ready transfers, it could cut the rate by 100,000 rials.

“But if most of the currency is only moved on paper or allocated as long-term transfers, its impact on market will be very limited, around 20,000 rials,” Fars said.

United Nations sanctions on Iran have officially returned in response to Tehran’s violations, Israel’s foreign ministry said in a post on X.

“This is a major development in response to Iran’s ongoing violations, especially on its military nuclear program,” the ministry said Sunday.

“The goal is clear: prevent a nuclear-armed Iran. The world must use every tool to achieve this goal.”

Sanctions were restored on Saturday under the snapback mechanism after talks between Tehran and European powers collapsed. Iranian officials told Reuters the measures will intensify isolation and fuel public anger, though concessions to the West could fracture the ruling elite.

“The clerical establishment is trapped between a rock and a hard place. The existence of the Islamic Republic is in peril,” one official said.

The revived sanctions -- including limits on oil, banking, finance, uranium enrichment, and a global arms embargo -- come amid fears of renewed Israeli strikes.

“The chances of war breaking out are significant,” former lawmaker Gholamali Jafarzade Imenabadi told Iranian media.

Iranian leaders say the sanctions will push them to harden their nuclear stance, but divisions have emerged inside the establishment. Some urge escalation, while others see “no war, no deal, and continued talks” as the least risky path, Reuters said.

Public frustration is rising under inflation estimated at 40–50%, with food, housing and utilities costs surging. “We already struggle to make ends meet. More sanctions mean more economic pressure. How are we going to survive?” said Shima, a 36-year-old teacher in Tehran.

Iran has relied on oil sales to China to avoid collapse, but officials warn the revived UN measures could threaten even that lifeline.