"We are encouraging small and medium enterprises in particular to increase business with and in Iran as part of something (that) for us is a security priority", she said during a joint press conference with New Zealand Foreign Minister Winston Peters.
Iran's currency has been in steady decline since the start of the year as the country anxiously awaits the re-imposition of full United States sanctions, trading at record lows and losing almost two-thirds of its value against the dollar.
Ri was present alongside a high-level Iranian delegation at a meeting of the Non-Aligned Movement in Baku, Azerbaijan in April, according to Pyongyang's official KCNA news agency. They target USA dollar financial transactions, Iran's automotive sector and the purchase of commercial planes and metals, including gold. Donald Trump claimed they were "the most biting ever imposed" and warned that in November, sanctions would "ratchet up to yet another level" with an embargo on Iranian oil and blanket sanctions on Iranian banks.
The Defense Department announced last week that it was monitoring a major Iranian naval exercise that began August 2 in the vicinity of the Strait of Hormuz, timed to coincide with the USA reimposition of stringent economic sanctions on Iran restricting trade, export of certain products, and the ability to purchase US currency.
"China's commercial cooperation with Iran is open and transparent, reasonable, fair and lawful, not violating any United Nations Security Council resolutions", it added in a faxed statement to Reuters.
But the second tranche of sanctions, which kicks in on November 5 and targets Iran's vital oil sector, could be far more damaging - even if several key customers such as China, India and Turkey have refused to significantly cut their purchases.
USA sends home Korean War remains handed over by North Korea
North Korea got respect, trade, and weapons, and now they appear to be going on as if Singapore put no restrictions on them. At least one of the new missiles is another one of these. "Pressure on the regime is clearly being felt", Pompeo said.
President Trump pulled out of the nuclear deal in May, calling it "disaster".
The leaders of United States allies Britain, France and Germany are also pushing back against USA sanctions by pledging their commitment to the deal and protecting companies from U.S. penalties for doing business with Iran.
Among those that have suspended plans to invest in Iran are France's oil major Total, its big carmakers PSA and Renault, and their German rival Daimler.
The first wave of US sanctions targeting Iran's automotive sector as well as gold, steel, and other metals went into effect Tuesday.
"The Americans have assembled a war room against Iran".
Trump responded by noting that Iran could face serious consequences if it threatened the United States.