EU nations have formally adopted an unprecedented set of sanctions against Tehran - which include a bloc-wide embargo on Iranian oil.
The move targets Iran's nuclear program which, the Islamic Republic insists, is for purely peaceful purposes.
To discuss the implications of fresh sanctions against Iran, RT talks to James Corbett - editor of independent news website - 'The Corbett Report' which is based in Japan.
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Now is time for China, Russia and - hopefully - India to establish a new currency replacing the petro-dollar. This may be the most peaceful reaction to American-Israeli-British aggression against Iran.
"Sanctions" against a country punish an entire population. 70 million Iranians are being slowly deprived of life's necessities. Their lives are put at risk by the state's inability to update or renew technical equipment... And this colossal offence against human rights is based on unverified rumours or outright lies disseminated by media throughout the American Empire...