Iran still selling oil despite U.S. sanctions

Dubai – Iran is still selling its oil despite U.S. sanctions on Tehran’s exports, the country’s Vice President Eshaq Jahangiri was quoted on Monday as saying by state TV, adding that Washington’s “maximum pressure” on Tehran had failed.

“Despite America’s pressure … and its imposed sanctions on our oil exports, we still continue to sell our oil by using other means … when even friendly countries have stopped purchasing our crude fearing America’s penalties,” Jahangiri said.

Relations between the two foes reached crisis point last year after U.S. President Donald Trump abandoned a 2015 pact between Iran and world powers under which Tehran accepted curbs to its nuclear programme in return for the lifting of sanctions.

Speaking at an event in Kentucky on Monday, U.S. Secretary of State Mike Pompeo said the sanctions on Tehran had been effective, resulting in a decrease in Iran’s wealth and diminished ability to trade with the rest of the world.

“The good news is, in spite of what the world told President Trump – that American sanctions would not work – the world was wrong. The sanctions have been incredibly effective,” Pompeo said.