02:28 GMT +320 August 2019
Listen Live
    In this picture released by the official website of the office of the Iranian supreme leader, Supreme Leader Ayatollah Ali Khamenei speaks during a meeting with government officials in Tehran, Iran, Wednesday, May 23, 2018

    Iran Can Export as Much Oil as It Needs - Supreme Leader

    © AP Photo / Office of the Iranian Supreme Leader
    Middle East
    Get short URL
    4281

    On Monday, the United States announced that it would not extend sanctions waivers to Iranian oil importers beyond 2 May.

    Iran's Supreme Leader Ali Khamenei said that Iran can export as much oil as it needs.

    READ MORE: US Will No Longer Provide Sanctions Waivers for States Importing Iran Oil

    "America's efforts in sanctioning the sale of Iranian oil won't get anywhere," Khamenei said. "We can export as much of our oil as we need and want."

    Later in the day, Iranian Foreign Minister Mohammad Javad Zarif said that Iran believes it will find buyers for its oil and that there will be consequences if the US prevents it.

    "If the United States takes the crazy measure of trying to prevent us from doing that then it should be prepared for the consequences," he said.

    Earlier, Washington announced its decision not to reissue waivers on Iranian oil sanctions after they expire in May.

    In addition, Washington announced that the US, Saudi Arabia, and the United Arab Emirates (UAE) would ensure that the global oil market would remain "adequately supplied".

    The United States slapped sanctions on Iran's oil industry in November after the US unilaterally pulled out from the 2015 Joint Comprehensive Plan of Action, which saw anti-Tehran restrictions lifted in exchange for the Islamic Republic maintaining the peaceful nature of its nuclear programme.

    Related:

    Iran’s Oil Exports Recover, Prices Spike Amid Venezuela, Libya Disruptions
    India Continues Talks With US on Waiver From Iran Oil Sanctions - Official
    Crude Games: Why US Attempt to Flood Oil Market to Hurt Iran Will Backfire
    Tags:
    oil export, Ayatollah Ali Khamenei, Iran, United States
    Community standardsDiscussion
    Comment via FacebookComment via Sputnik