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2 July, 2018 00:00 00 AM
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Iran vows to foil US bid to block oil exports

AFP
Iran vows to foil US bid to block oil exports

Iran vowed yesterday to defeat US efforts to block its oil exports and warned rival producer Saudi Arabia it would never take Tehran’s “place” on the international oil market, reports AFP from Tehran

“We will surely do something to thwart the US rallying cry that Iranian oil (exports) must be stemmed,” First Vice President Eshagh Jahangiri said in statements broadcast on state television.

“The (Iranian) government has a plan... and God willing we are certain that we will be able to sell as much oil as we want,” he said.

The United States exited from the nuclear deal between Iran and world powers in May and said it would reimpose economic sanctions on the Islamic republic and its business partners by November 4.

On Tuesday a senior State Department official described tightening the noose on Tehran as “one of our top national security priorities”.

The official warned countries including China and India, who are key buyers of Iranian oil, that they should stop purchasing crude from the country before the November deadline or face US sanctions.

European countries have been attempting to negotiate exemptions for their firms,

but the official confirmed

that US President Donald Trump intends to stick to his deadline.

“We’re not granting waivers,” the official said.

Jahangiri’s remarks came a day after Trump said that Saudi Arabia’s King Salman had agreed to his request to ramp up oil production.

“Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & dysfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference,” Trump said in a tweet on Saturday.

“Prices too high! He has agreed!,” Trump added. Jahangiri said it was not that “simple”.

“They’re begging the Saudis to raise their output so that if Iran’s quota decreases nothing will happen to the markets,” said Jahangiri.

 

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Editor : M. Shamsur Rahman

Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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