Zarif: U.S. sanctions cannot have dramatic impact on oil exports
U.S. sanctions will not have a dramatic impact on Iranian oil exports despite Washington’s continued threats to cut it to zero, Iranian Foreign Minister Mohammed Javad Zarif said.
"We have stated before that the U.S. cannot bring Iranian oil exports down to zero and this was proven right," Sputnik cited him as saying. The minister told the New Arab publication that Washington will not be able to bring down exports dramatically either, because Tehran has the ability to export its oil and the global market needs it.
Zarif has promised Iran could maintain a strong presence in the oil market after the U.S. re-imposed sanctions last week on its crude trade and petroleum-related transactions.