BREAKING NEWS

Iran says it will let private sector export oil to help beat U.S. sanctions

By REUTERS

JULY 1, 2018 10:04

DUBAI - Iran will allow private companies to export crude oil to help beat US sanctions, First Vice President Eshaq Jahangiri said on Sunday.

"Iranian crude will be offered on the bourse and the private sector can export it," Jahangiri said in remarks about looming US sanctions, carried live on state television, adding: "Anyone trying to take away Iran's oil market (share) would be committing great treachery against Iran and will one day pay for it."

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