Al Jazeera: Iran vows to thwart US efforts to block its oil exports
Tehran says it will allow private companies to export crude oil to counter Washington's bid in stemming its exports.
Iran has vowed to thwart US efforts to block its oil exports by allowing private companies to export crude oil.
Eshaq Jahangiri, Iran's first vice president, also warned rival OPEC producer Saudi Arabia that it would never take Tehran's "place" on the international oil market.
"We will surely do something to thwart the US rallying cry that Iranian oil [exports] must be stemmed," Jahangiri said in a speech during an economic event broadcast on state television.
"The [Iranian] government has a plan ... and God willing we are certain that we will be able to sell as much oil as we want," Jahangiri added.
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WNU Editor: I am sure the Iranians are gong to find ways to circumvent oil sanctions, but to do so they will have to lower their price. They will also be limited by how much they can export. Not everyone is going to jump in and buy Iranian oil .... even at a good price, the risk of U.S. retailiation is no joke.
Update: Speaking of retaliation .... Trump: US will 'absolutely' sanction European companies that do business with Iran (The Hill),
More News On Iran Announcing Plans To Circumvent U.S. Oil Sanctions
Iran plans private-sector oil sales to thwart US sanction: First VP -- Press TV (Iran)
Iran eyes private oil exports to help beat U.S. sanctions -- Reuters
Iran announces plan to circumvent US oil sanctions -- DW
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