Iran vice president says private sector to buy, export oil

Adjust Comment Print

The announcement by Jahangiri came just a day after US President Donald Trump said that Saudi Arabia had agreed to increase its oil exports to make up the difference lost to the sanctions.

Iran announced on Sunday that it would permit private companies to export crude oil as Tehran attempts to thwart U.S. sanctions against the country's oil industry. But some key countries, including India and Turkey, have already said they will not do so. "We are prepared to work with countries that are reducing their imports on a case-by-case basis, but as with our other sanctions, we are not looking to grant waivers or licenses".

"We want to defeat America's efforts ... to stop Iran's oil exports", he said.

In the face of the damage that did to U.S. This week, he and Under Secretary of the Treasury for Terrorism and Financial Intelligence Sigal Mandelker will travel to Gulf countries to begin talks there.

"In this battle, any country that tries to take Iran's place on the oil market will be guilty of treason against Iran. and surely one day it will pay the price of this treason", he said. "They should be preparing now to go to zero".

"We will surely do something to thwart the USA rallying cry that Iranian oil must be stemmed", First Vice President Eshagh Jahangiri said in statements broadcast on state television.

The spike was the latest fallout from the Trump administration's decision to abandon the landmark Iran nuclear deal and reimpose sanctions on Iran - a move that has strained relations between the United States and other world powers that support the deal.

Trump has list of 25 possible Supreme Court nominees
De Sousa said he understood the significance because of his background as a constitutional lawyer. He said the voices of millions of Americans heading to the polls this fall "deserve to be heard".

Delegations from State and Treasury departments have already visited 13 countries to co-ordinate the return of sanctions, and more than 50 worldwide firms have announced their intent to leave the Iranian sector since May, Mr Hook said. Trump continued, "prices too high!"

The collapsing economy has sparked new protests in Iran, with gunfire erupting Sunday morning as Iranian security forces confronted protesters demonstrating over water scarcity in the country's south.

But while USA crude was bolstered by supply concerns, a flurry of announcements over the weekend unsettled oil markets.

"We have been clear with countries and companies around the world that we are bringing severe economic pressure on Iran until the regime changes its destabilizing policies", Hook said.

"We are working to minimize disruptions to the global market, but we are confident there is sufficient global spare oil capacity", Hook said.

"He has agreed!", though statements from Saudi media have made no mention of an agreement to raise Saudi oil production. The Saudis have not confirmed if that's the case. On Monday, Hook expressed confidence that the US sanctions policy would not prompt mass shortages, but analysts have expressed doubt that Saudi Arabia can increase production by as much as Trump described.

"This government is about to collapse, and this is the time to turn on the pressure", Giuliani told the crowd, according to Bloomberg News. The official spoke on the condition of anonymity under State Department ground rules.

Comments