Iran's Supreme Leader says U.S. sanctions won't work

"We can export as much of our oil as we need and want."

By REUTERS
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005 (photo credit: RAHEB HOMAVANDI/REUTERS)
A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005
(photo credit: RAHEB HOMAVANDI/REUTERS)
Iran can export as much oil as it needs, Iran's Supreme Leader Ayatollah Ali Khamenei said on Wednesday, according to his official website.
"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."
Oil prices hit their highest level since November on Tuesday after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran and further tightening global supply.