Iran will continue to export oil despite U.S. pressure aimed at reducing the cou...
Iranian President Hassan Rouhani speaks during a ceremony marking national Workers' Week in Tehran, Iran April 30, 2019. Official Iranian President website/Handout via REUTERS
“America’s decision that Iran’s oil exports must reach zero is a wrong and mistaken decision, and we won’t let this decision be executed and operational,” Rouhani said in a speech broadcast live on state television.Oil prices hit their highest since November in recent days after Washington said all waivers for sanctions-hit Iranian oil would end this week, pressuring importers to stop buying from Tehran and further tightening global supply.
Rouhani said if the United States can block one method for Iran to export oil, Tehran will find other ways to do so. Trading in crude oil is state-controlled in Iran, but to try to work around U.S. sanctions, the government last year started selling to private buyers through the exchange.
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