While traders said that US sanctions on Iran, which is a big importer of Basmati from India, was the reason behind the slump, the farmers blamed the arhtiyas of ganging up to show less demand in order to keep the prices artificially lower.
"Unfortunately the European parties have failed to fulfil their commitments... The deal is not a one-way street and Iran will act accordingly as we have done so far by gradually downgrading our commitments," said Ali Akbar Salehi, director of Iran's nuclear energy agency.
"We can confirm that IAEA Director General Yukiya Amano has informed the Board of Governors that the Agency verified on 1 July that Iran's total enriched uranium stockpile exceeded (the deal's limit)," an IAEA spokesman said in a statement.
Last year Trump withdrew the United States from a 2015 accord between Iran and world powers that curbed Tehran's nuclear program in exchange for easing sanctions. Relations in the region have worsened significantly since then.
The online attacks, which had been planned for several weeks, were ultimately meant to be a direct response to both the tanker attacks this month and the downing of a US drone this week, according to the people briefed on the operations.
Speaking in Washington on Saturday before heading to the US presidential retreat at Camp David, Trump indicated the government was taking a diplomatic path to put pressure on Tehran by moving to impose new sanctions.
"This is a very difficult time. With everything going on in Iran and all the provocations and counteractions, and to have no Secretary of Defence at this time is appalling," said Democratic Sen Chuck Schumer of New York.
Iran has accused the CIA of spreading “fake news” about the Islamic republic with newly declassified files seized in the 2011 raid in Pakistan in which Al-Qaeda chief Osama bin Laden was killed. The CIA on Wednesday released 470,000 additional files found in May 2011 when US Navy SEALs burst into Bin Laden’s compound in […]