UPDATED 10:32 AM PT — Tuesday, April 30, 2019
Iran intends to continue exporting oil despite stricter U.S. sanctions. During a live broadcast Tuesday, Iranian President Hassan Rouhani confirmed his country will continue to export crude oil.
The announcement comes days after U.S. officials announced they will not renew sanction waivers for five nations to purchase Iranian oil. The U.S. decision was heavily criticized in Tehran after Rouhani said the elimination of waivers is a hostile measure.
“It is possible that the Americans can block a path for our oil exports, but this is not the case of the Americans pressuring and closing the only door available for Iran’s oil exports,” stated the Iranian leader. “There are six other doors available, and the Americans don’t know it.”
The U.S. sanctions were imposed when President Trump withdrew America from the Iran Nuclear Deal.
Statistics show the U.S. sanctions have cost Iran over $10 billion in revenue.