Iran unveiled its first domestic fighter jet on Tuesday, with President Hassan Rouhani insisting that Tehran's military strength was only designed to deter enemies and create "lasting peace".

Iran's Foreign Minister Mohammad Javad Zarif said Sunday that Europe had not yet shown it was willing to ‘pay the price’ of defying Washington in order to save the nuclear deal.

Iran said on Saturday it would resist the pressures of US sanctions by relying on its natural and human resources, as Washington pushes allies to cut economic ties with Tehran.

Iraqi Prime Minister Haider al-Abadi said on Monday his government was only committed to not using dollars in transactions with Iran, not to abiding with the full scope of US sanctions against the country.

Norway's rightwing Fisheries Minister Per Sandberg quit on Monday after breaching security protocol when he went on holiday to Iran with an Iranian-born former beauty queen, in a major media scandal.

Ayatollah Ali Khamenei's comments add to the pressure on President Hassan Rouhani following a collapse in the currency and widespread protests over high prices and corruption.

Iranian authorities have arrested 67 people in a drive against financial crime, the judiciary said on Sunday, as the country faces renewed US sanctions and a public outcry against profiteering and corruption.

Iran and four ex-Soviet nations, including Russia, agreed in principle on Sunday how to divide up the potentially huge oil and gas resources of the Caspian Sea, paving way for more energy exploration ...

Iran's Foreign Minister Mohammad Javad Zarif said Saturday there would be no meeting with the United States in the near future following Washington's reimposition of sanctions.

Iraq does not agree with US sanctions against Iran but will abide by them to protect its own interests, Prime Minister Haider al-Abadi said on Tuesday.

Brent crude oil futures rose 89 cents to $74.64 per barrel by 10:18 am EDT and US West Texas Intermediate (WTI) crude futures were up 52 cents at $69.53 a barrel.

Many Iranians blame their own government for the return of US sanctions, but they also fear it could be the "final nail in the coffin" for the floundering economy.