Rouhani: Iran will export crude oil despite US pressure

There has been concerns that a decline Iranian oil exports will tighten markets once US sanctions bite from November. (AFP)

• ‘We will continue by all means to both produce and export’ oil
• It’s unclear, however, how much the US’s allies will cut back on Iranian oil imports

TEHRAN: Iranian President Hassan Rouhani says his country will continue exporting crude oil despite US efforts to stop it through sanctions.
Speaking to a group of oil officials on Tuesday, Rouhani said the US is targeting oil exports as part of efforts to reimpose sanctions on Iran.
“We will continue by all means to both produce and export” oil, Rouhani said in remarks broadcast on state TV. “Oil is in the frontline of confrontation and resistance.”
The US wants to reduce Iran’s oil exports effectively to zero with renewed sanctions in November after pulling out of the nuclear deal between Iran and western powers in May.
It’s unclear, however, how much the US’s allies will cut back on Iranian oil imports.