Iran Says It IS Still Selling Oil

Iranian Vice President Eshaq Jahangiri has said that the US sanctions are not stopping his country sell its oil. REUTERS/Alaa Al-Marjani/File Photo

The National: Iran says it is still selling oil despite US export sanctions

US Secretary of State Mike Pompeo said sanctions on Tehran were effective.

Iran is still selling oil despite US sanctions on Tehran’s exports, showing the Trump administration's "maximum pressure" campaign had failed, Vice President Eshaq Jahangiri said on Monday.

“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,” Mr Jahangiri told state TV.

He said that the Iranian people had resisted economic pressure.

“They have failed to bring our oil exports to zero as planned,” Mr Jahangiri said.

Iran holds 10 per cent of the world’s known oil reserves and 15 per cent of its gas. It is Opec’s largest exporter and the fourth largest oil producer in the world.

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Update: Iran still selling oil despite U.S. sanctions: TV (Reuters).

WNU Editor: I am sure they are still selling oil. But the quantity is less than what they are use to, and I am willing to bet that there are a lot of discounts in the oil that is being sold.