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Iran vows to continue selling oil as US sanctions take effect - Report

Gasoil News - Published on Thu, 08 Nov 2018

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Sputnik reported that the US government fully reinstates energy and banking sanctions against Tehran, however, eight countries will receive temporary sanctions waivers due to their significantly reduced import of oil from Iran. Iranian President Hassan Rouhani has vowed that Tehran would sell oil despite the illegal and unjust sanctions reimposed by the United States. He said "The fact that the Islamic Republic of Iran can sell its oil and will sell its crude, even if these countries [buyers of Iranian oil] have not been offered waivers. We would have been selling our oil with honor. We will break these sanctions with honor, because these sanctions are cruel and are against the international law.”

He said that "We are in a situation of economic war, confronting a bullying power. I don't think that in the history of America, someone has entered the White House who is so against law and international conventions," he added.

At the same time, Iranian Foreign Ministry spokesman Qasemi said that the US economic pressure against Tehran is "futile," noting that the Trump administration is "addicted" to imposing sanctions and withdrawing from international agreements.

Qasemi added that setting up a mechanism to continue trade with the EU despite US sanctions will take time.

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Posted By : Joykumar Irom on Thu, 08 Nov 2018
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