Sanctions on Iran dampening economic sentiment: IMF

International Monetary Fund's Annual Report says that sanctions imposed by Trump administration on Iran is dampening its economic sentiment. The report said uncertainty surrounding the sanctions on Iran and its relations with the United States pose a risk to the oil-producing nation's economy.

The comments came after Trump



administration imposed new sanctions early this month on individuals and companies supporting Iran's ballistic missile program and the Revolutionary Guards military force. Iran test-fired a medium range missile, which the White House contends violated a UN Security Council resolution proscribing missiles that could carry a nuclear device.