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