Reuters - Iranian President Hassan Rouhani said on Saturday that U.S. sanctions announced last week have had no effect on Iran�s economy because Washington had already practically reimposed them earlier.

�The sanctions have had no impact on our economy because America had already used all the weapons at its disposal and there was nothing new to use against us,� Rouhani said in remarks carried live on state television.

Reporting by Dubai newsroom; Editing by Kirsten Donovan