Iran’s intelligence minister Esmail Khatib says despite pressure by the United States and its allies Tehran currently has fewer problems in selling oil.
Iranian Labour News Agency
Iran’s intelligence minister Esmail Khatib says despite pressure by the United States and its allies Tehran currently has fewer problems in selling oil.
Governor of the Central Bank of Iran (CBI) Abdol Naser Hemmati in a message referred to the US new sanctions against Iran, saying the economy of the country is moving forward in the trade, oil and non-oil exports path in sanction era.
Iran’s oil minister Bijan Zanganeh has said that if there is a reprieve in U.S. sanctions on the country’s oil exports, Iran can increase its output “within three days”.
"Some believe that in coming days we will face a sharp rise in the price of oil," Cole Latimer, energy analyst told ILNA News agency in an interview.
Iran’s oil exports hit a record high in the first three months of the current Iranian fiscal year (started March 21) ahead of re-imposition of new US sanctions on the country’s oil sales, Iran's government spokesman said.