US Markets

Iran still selling oil despite U.S. sanctions - TV

Credit: REUTERS/Alaa Al-Marjani

Iran is still selling its oil despite U.S. sanctions on Tehran's exports, the country's Vice President Eshaq Jahangiri was quoted on Monday as saying by state TV, adding that Washington's "maximum pressure" on Tehran had failed.

Fixes typo in first paragraph

DUBAI, Dec 2 (Reuters) - Iran is still selling its oil despite U.S. sanctions on Tehran's exports, the country's Vice President Eshaq Jahangiri was quoted on Monday as saying by state TV, adding that Washington's "maximum pressure" on Tehran had failed.

"Despite America's pressure ... and its imposed sanctions on our oil exports, we still continue to sell our oil by using other means ... when even friendly countries have stopped purchasing our crude fearing America's penalties," Jahangiri said.

Relations between the two foes reached crisis point last year after U.S. President Donald Trump abandoned a 2015 pact between Iran and world powers under which Tehran accepted curbs to its nuclear programme in return for the lifting of sanctions.

Washington has reimposed sanctions aimed at halting all Iranian oil exports, saying it seeks to force Iran to negotiate to reach a wider deal. Tehran has rejected talks unless Washington returns to the nuclear deal and lifts all sanctions.

"They have failed to bring our oil exports to zero as planned," Jahangiri said.

(Writing by Parisa Hafezi; Editing by Alison Williams, Kirsten Donovan)

((parisa.hafezi@thomsonreuters.com; +90 532 176 3452; Reuters Messaging: parisa.hafezi@thomsonreuters.com))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Latest US Markets Videos

Reuters

Reuters, the news and media division of Thomson Reuters, is the world’s largest international multimedia news provider reaching more than one billion people every day. Reuters provides trusted business, financial, national, and international news to professionals via Thomson Reuters desktops, the world's media organizations, and directly to consumers at Reuters.com and via Reuters TV.

Learn More