Iran daily oil sales never to fall below a million barrels: MP

Tasnim – The chairman of the Iranian Parliament’s National Security and Foreign Policy Commission shrugged off a recent decision by the US to end the waivers that allow countries to import Iranian oil, saying the country’s oil sales would never drop to less than a million barrels per day.

“Iran’s oil sales will never fall below a million barrels per day,” Heshamtollah Falahatpishe said on his Twitter account on Tuesday.

“The minimum amount of Iran’s oil sales is determined by bilateral relations not the political bluffs of (US President Donald) Trump and (Secretary of State Mike) Pompeo,” he added in his tweet.

It came after the White House said on Monday that Trump “has decided not to reissue” waivers regarding sanctions against countries importing Iranian oil when the waivers expire “in early May”.

The exact deadline is May 2.

“This decision is intended to bring Iran’s oil exports to zero, denying the regime its principal source of revenue,” the statement from White House press secretary Sarah Sanders read.

Countries that continue to import Iranian oil in large amounts include India, China, South Korea, Japan and Turkey.

US Secretary of State Mike Pompeo said on Monday that Saudi Arabia and the United Arab Emirates have agreed to “ensure an appropriate supply (of oil) for the markets” in order to make up for the loss of Iranian oil in the global market.