Addressing the nation on Friday, President Hassan Rouhani said the government had no intention to receive any portion of the hike despite the economic woes in the country.
The announcement by Hassan Rouhani comes as Iran faces crushing American sanctions after the U.S. pulled out of its nuclear deal with world powers last year.
Irans Foreign Ministry on Tuesday lashed out at the fresh sanctions imposed by the US on people in the inner circle of Supreme Leader Ayatollah Ali Khamenei, saying the punitive measures highlighted Washington's bullying of other countries. The Ministry claimed the sanctions revealed the desperation and "inability" of the US to use diplomacy.
"Iran's assertions that all these escalatory steps are reversible are false: the knowledge Iran could gain over time from R&D work on new centrifuge designs represents irreversible learning that could ultimately shorten Iran's breakout time to a nuclear weapon if it decided to pursue one," Secretary of state MIke Pompeo said.
A mob of Iranian students overran U.S. Marine guards in a three-hour struggle Sunday and invaded the American Embassy in Tehran, seizing dozens of staff members as hostages, Tehran Radio reported. They demanded that the United States send the exiled shah back to Iran for trial, the radio said.
The US also slapped sanctions on the trade of four materials with Iran, which Washington claimed were used in connection with Tehran's nuclear, military or ballistic missile programmes, said the statement.
Iranian state television said the explosion damaged two storerooms aboard the unnamed oil tanker and caused an oil leak into the Red Sea near the Saudi port city of Jiddah.
Women have been banned from many sporting events in Iran since 1981, during the early years of the country's Islamic Revolution.
According to an official press release, the prime minister reiterated India's support for giving priority to diplomacy, dialogue and confidence building in the interest of maintaining peace, security and stability in the Gulf region, which is of vital importance for India.
The fallout from the Sept. 14 attacks is still reverberating as world leaders gather for their annual meeting at the U.N. General Assembly and international experts investigate, at Saudi Arabia’s request, what happened and who was responsible.
Speaking at the Iranian mission to the UN in New York, Tehran's Deputy Foreign Minister Abbas Araghchi told the Independent newspaper on Sunday that "maximum pressure" from the US has produced "maximum resistance" from Iran, and that Tehran will continue to resist.
As Tehran’s leadership prepares to address the U.N. General Assembly this week, there are fears that a wider conflict, dragging in Iran, Saudi Arabia and the United States, could erupt after a summer of heightened volatility in the region.
Rouhani's remarks comes a day after it was revealed that the US is sending more troops to Saudi Arabia in the wake of the September 14 drone attacks on a major oil field and a petroleum processing facility in the Kingdom.
US Treasury Secretary Steven Mnuchin, accompanying Trump in the Oval office, said the central bank was Tehran's last source of funds.
The Pentagon will present a broad range of military options to President Donald Trump on Friday as he considers how to respond to what administration officials say was an unprecedented Iranian attack on Saudi Arabia's oil industry.
A worried UN Secretary-General Antonio Guterres has warned of "devastating" consequences for the region and the world if the crisis escalates. A UN team of experts has been dispatched to Saudi Arabia to investigate the weekend attack on two oil facilities of Aramco amid assertions by the US and Saudi Arabia that Iran was behind the hit.
U.S. Secretary of State Mike Pompeo on Wednesday called the attack on Saudi Arabia’s oil installations an “act of war” against the kingdom by Iran, as the Saudis displayed missile and drone wreckage and cited other evidence they said shows the raid was “unquestionably sponsored by Iran.”
US President Donald Trump on Wednesday said that he has ordered "substantial" new sanctions on Iran, marking the latest escalation of tensions between the two countries following the attack on Saudi oil facilities.