The United States will not only reinstate sanctions against Iran, but would impose what it has described as its "strongest sanctions in history" against the country.
Mike Pompeo, the US Secretary of State, stated this today at an event in Washington.
In what could be termed as the unveiling of new US policies against Iran, Pompeo said the new measures will constitute an "unprecedented financial pressure on the Iranian regime."
He also declared that Iran would be "battling to keep its economy alive" after the sanctions take effect.
The US top diplomat said that the re-imposition of the deal would not only limit Iran's capacity to develop a nuclear weapon, but would also prevent them dominating the Middle East.
But in his reaction, Javad Zarif, Iran's Foreign Minister, said the new US policy is "a regression to old habits."
Writing via Twitter, Zarif said the US "repeats the same wrong choices" by enacting failed policies.
"US diplomacy sham is merely a regression to old habits: imprisoned by delusions & failed policies—dictated by corrupt Special Interest—it repeats the same wrong choices and will thus reap the same ill rewards.
"Iran, meanwhile, is working with partners for post-US JCPOA solutions," he tweeted.
Iran had negotiated with the P5+1 nations in 2015 to draw out the landmark 2015 Iran nuclear deal.
Known as the Joint Comprehensive Plan of Action, JCPOA, the deal limited Iran's nuclear capability in exchange for lifting of economic sanctions on the country.
But upon assumption of office, US President Donald Trump expressed his reservation against the deal and said he could revoke the deal.
President Trump lived up to his word and revoked the deal earlier this month.