28 Mar 2024
Thursday 2 May 2019 - 14:36
Story Code : 347424

Iran vows to resist US oil ban as its exports decline

The Wall Street Journal | Sune Engel Rasmussen and Benoit Faucon: A U.S. oil ban wont stop Iran from selling its crude, the countrys oil minister said, even as new signs emerged that Tehrans crude exports are heading toward a collapse.

The Trump administration will remove exemptions for buyers of Iranian oil beginning on Thursday, enforcing a complete embargo on Irans crude exports. But bringing Irans oil exports to zero is a wish of the Americans, but it is an illusion, Bijan Zanganeh said at an oil-and-gas conference in Tehran on Wednesday.

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