A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf [File: Raheb Homavandi/Reuters]

Iran has condemned new sanctions imposed by the United States targeting its petrochemical industry, saying they prove US President Donald Trump is not serious about pursuing negotiations.

Abbas Mousavi, spokesman for Iran’s foreign ministry, said on Saturday the US move amounts to “economic terrorism” and a continuation of the US “enmity” against Tehran.

Washington placed sanctions on Iran’s largest petrochemical holding group on Friday for indirectly supporting the Islamic Revolutionary Guard Corps (IRGC), which the White House branded a “terrorist organisation” in April.

Amid escalating tensions between the two countries, Trump said earlier this month that he would

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