• Iran has said its central bank will confront new U.S. sanctions with strength.

  • Reacting to the new sanctions imposed by United States, the Iranian President Mahmoud Ahmadinejad said it has the capacity to withstand such pressures.

  • The new U.S. sanctions seek to further squeeze Iran’s crucial oil revenues, most of which are processed by the central bank.    

  • Under the measures, foreign firms will have to choose between doing business with Iran or the United States.