According to Jahangiri, any country trying to deprive Iran of its share of the global oil market is committing "great treachery" and "will one day pay for it."
"Iranian crude will be offered on the bourse and the private sector can export it," he said, commenting on the looming US sanctions.
The statement comes as Iran is considering possible counter-measures to mitigate the negative effect of sanctions that Washington had imposed on the country. According to Iran's state news agency IRNA, the country's government has already set up a commission tasked with finding buyers for Iranian oil after the US imposes its sanctions.
The US withdrew from the Iran nuclear deal, formally known as the Joint Comprehensive Plan of Action (JCPOA) in May 2018, promising to re-impose sanctions against Iran that had been in place before the deal was reached in 2015. The unilateral move taken by the United States has been opposed by the other signatories of the Iran deal.