Rouhani says Iran to sell oil, break U.S. sanctions
Speaking at a meeting broadcast live on TV, Iranian President Hassan Rouhani on Monday said Iran would sell its oil and break the sanctions reimposed by the United States.
- Middle East
- Compiled from news agencies
- Published Date: 12:00 | 05 November 2018
- Modified Date: 10:05 | 05 November 2018
The United States reimposes oil and financial sanctions against Iran on Monday, significantly turning up the pressure on Tehran in order to curb its missile and nuclear programs and counter its growing military and political influence in the Middle East.
Iran will sell its oil and break sanctions reimposed by the United States on its vital energy and banking sectors, Iranian President Hassan Rouhani told economists at a meeting broadcast live on state television on Monday.
"America wanted to cut to zero Iran's oil sales ... but we will continue to sell our oil ... to break sanctions," Rouhani said.
In May, U.s. President Donald Trump pulled Washington out of world powers' 2015 nuclear deal with Iran and reimposed a first round of sanctions on Iran in August.
The deal saw most international financial and economic sanctions on Iran lifted in return for Tehran curbing its disputed nuclear activity under U.N. surveillance.