Iran plans private-sector oil sales to thwart US sanction: First VP
Tehran (KNA) - Iran's first vice president says the country is considering oil exports by the private sector in a bid to thwart forthcoming US sanctions, which mostly aim to curtail the Islamic Republic's revenues by blocking its crude oil exports.
Addressing a conference held to mark National Day of Industry and Mine in Tehran on Sunday, Es'haq Jahangiri said, "The target of the US is firstly [to cut down Iran's] oil [sales]. They want Iran's oil not to be sold, which this is impossible and such measures are taken in line with a psychological war."
In May, US President Donald Trump announced that he would pull America out of a 2015 nuclear agreement with Iran and re-impose the sanctions that the deal had envisaged to be lifted.
Source: PressTV