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Iranian Foreign Minister Mohammad Javad Zarif says the country’s military will make the final decision on the option of closing the Strait of Hormuz, a highly important strategic location for global energy trade, in reaction to the US’ ban on the country’s oil exports.
A senior Iranian lawmaker says despite the US decision to tighten its sanctions on Iran’s oil sector, the country’s oil exports will never decrease to less than one million barrels per day.
The United States is to announce that all importers of Iranian oil will have to end their imports shortly or face US sanctions, a report says.
Commander of the Islamic Revolution Guards Corps (IRGC) Navy Rear Admiral Ali Reza Tangsiri said as long as Iran is able to export its oil via the Strait of Hormuz, the waterway would be open.
Iranian President Hassan Rouhani on Monday inaugurated the third phase of the gas condensate plant of the Persian Gulf Star Refinery in Bandar Abbas.
In spite of US sanctions to bring Iranian oil exports to zero, statistics show that in the first nine months of the current Iranian year, the Islamic Republic has managed to yield $6.5 billion from crude oil sales, up 48.9% year-on-year.
The speaker of Iran’s parliament said the US has failed to cut down to zero Iran’s oil trade, in a clear defeat for Donald Trump administration in its maximum pressure campaign against Tehran.
Governor of Central Bank of Iran says after China, South Korea, India and Turkey, Japan has begun the process of importing oil from the Islamic Republic.
Iran’s deputy oil minister says every day 5 or 6 purchasers send their request to buy oil from Iran, but the names will not be revealed as the enemies may misuse that information.