Code: 671756 A

Iranian Oil Minister Bijan Namdar Zanganeh made assurances that the US administration can never drive the Islamic Republic’s crude exports down to zero.

 “The elimination of Iran (in oil markets) is not possible in the medium term,” Zanganeh told reporters in Tehran on Monday.

In the short term, the Americans have some plans in their minds to bring Iran’s oil exports to zero even for a month, the oil minister said, adding, “However, this dream will never come true.”

He further emphasized that recently, no country has stopped purchasing oil from Iran other than South Korea.

On May 8, US President Donald Trump pulled his country out of the nuclear deal known as the Joint Comprehensive Plan of Action (JCPOA), which was achieved in Vienna in 2015 after years of negotiations among Iran and the Group 5+1 (Russia, China, the US, Britain, France and Germany), and announced plans for new sanctions against Tehran.

The White House has also announced plans to get as many countries as possible down to zero Iranian oil imports and launch a campaign of “maximum economic and diplomatic pressure” on Iran.

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Iran Oil Exports
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