Tension is escalating between the U.S. and Iran over its nuclear ambitions. On Tuesday, President Donald Trump signed an executive order to sanction Iran over their development of nuclear weapons and their exporting terrorism through proxy groups.

The Treasury sanctions are directed at more than a dozen people and companies based in China, India and the United Arab Emirates.

U.S. concerns about Iran developing nuclear weapons are not a complicated issue and can be resolved given Tehran's opposition to weapons of mass destruction, Iran's Foreign Minister Abbas Araqchi said on Wednesday,