'This's not smuggling. This's countering sanctions which we do not see as just or legitimate' Deputy Oil Minister Amir Hossein Zamaninia, on Iran selling oil in 'grey market'
Tehran has"mobilised" all its resources to sell oil in a"grey market" bypassing US sanctions, state media quotes Deputy Oil Minister Amir Hossein Zamaninia as saying.
Gas flares from an oil production platform at the Soroush oil fields in the Persian Gulf, south of the capital Tehran. Iran has mobilised all its resources to sell oil in a "grey market", bypassing US sanctions that Tehran sees as illegitimate, state media quoted Deputy Oil Minister Amir Hossein Zamaninia as saying on Sunday.
The United States told buyers of Iranian oil to stop purchases by May 1 or face sanctions, ending six months of waivers that had allowed Iran's biggest customers to import limited volumes. "We have mobilised all of the country's resources and are selling oil in the 'grey market'," Zamaninia was quoted by state news agency IRNA as saying. Statement by
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Nations using oil as a weapon threatens OPEC: Iran oil ministerAny country using oil as a weapon could cause the collapse of oil producer group...
Read more »
Nations using oil 'as a weapon' causing damage to OPEC -Iran oil ministerIran's oil minister hit out on Wednesday against the use of oil sanctions &...
Read more »
Iran to keep exporting crude oil despite U.S. pressure: Iran presidentIran will continue to export oil despite U.S. pressure aimed at reducing the nat...
Read more »
Iran to keep enriching uranium despite U.S. move: parliament speakerIran will continue with low-level uranium enrichment in line with its nuclear de...
Read more »
Iran must resist U.S. sanctions through oil, non-oil exports: RouhaniPresident Hassan Rouhani said on Saturday Iran must counter U.S. sanctions by co...
Read more »
The debate behind Trump's move to tighten Iran oil sanctionsThe debate behind Trump's move to tighten Iran oil sanctions by humeyra_pamuk TimoGard
Read more »
Qatar says tightening Iran sanctions harms oil consuming nationsQatar, which hosts the largest U.S. air base in the Middle East, has spoken out ...
Read more »
OPEC oil output hits four-year low in April on Iran, Venezuela: Reuters surveyOPEC oil supply hit a four-year low in April, a Reuters survey found, due to fur...
Read more »
India apprehensive Iran sanctions could boost oil, inflationU.S. sanctions on Iran could boost oil prices and inflation to a point that hurt...
Read more »
Saudi Arabia responding to Iran oil tanker emergencySaudi Arabia says it is responding to an emergency involving an Iranian oil tanker off the coast of Jiddah, and analysts say the vessel carries over 1 million barrels of fuel oil and may be leaking, jongambrellAP writes.
Read more »