Iranian companies have signed contracts worth $20 billion to boost gas pressure at the giant South Pars (SP) field in the Persian Gulf, in a plan which is expected to generate $900 billion in revenue.

Iran’s top human rights official blasts the countries that have slapped illegal sanctions on the nation.

An official says foreign investment attraction into Iran in the past two years has reached over $10.6bn.

The shipping fleet is playing a strategic role at a time of the most extensive sanctions ever imposed on a country targeting Iran.

“We are always firmly opposed to illegal unilateral sanctions imposed by the US,” the Chinese Foreign Ministry spokesperson said.

South Korean media reported on Monday that Iranian funds that had been blocked in South Korea were transferred to Switzerland’s central bank last week for transfer to Iran.

Previous warnings by Ayatollah Khamenei about the US unreliability and lack of trustworthiness proved right following Washington's unilateral withdrawal from the JCPOA.