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Despite US sanctions, Iran selling as much oil as it needs: Eshaq Jahangiri

Jahangiri said he had spoken to a handful of managers from companies on the US sanctions list and that some had already formulated plans on how to deal with the measures

Reuters  |  Geneva 

Iran has been able to sell as much oil as it needs despite US pressure, Iranian Vice President Eshaq Jahangiri was quoted as saying on Tuesday. The United States on Monday restored sanctions targeting Iran's oil, banking and transport sectors and threatened more action to stop what Washington called its "outlaw" policies, steps Tehran called economic warfare and vowed to defy. The measures are part of a wider effort by US President Donald Trump to curb Tehran's missile and nuclear programmes and diminish the Islamic Republic's influence in the Middle East, ...

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First Published: Tue, November 06 2018. 15:26 IST