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Khamenei dismisses sanctions, says Iran stronger than ever

By REUTERS

JULY 11, 2012 19:07

DUBAI - Iranian Supreme Leader Ayatollah Ali Khamenei on Wednesday dismissed harsher sanctions imposed on Iran this month over its disputed nuclear activity, saying the country was "100 times stronger" than before.

A European Union embargo on Iranian crude oil took full effect on July 1 - a joint effort with the United States to force Tehran to curb nuclear energy work the Western powers say is a camouflaged bid to develop bombs, which Tehran denies.

Prices of goods have soared and the Iranian rial has plunged in value as broader, deeper sanctions have been introduced this year targeting Iran's financial and energy sectors.

"The Iranian nation, through life, wealth and loved ones, has stood up to all plots and sanctions and has advanced to the extent that today we are 100 times stronger compared with 30 years ago," Khamenei told a women's conference in Tehran in a speech that was published on his official website.

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