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Despite US Sanctions, Iranian Oil Minister Hopeful Exports Will Improve

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Despite US Sanctions, Iranian Oil Minister Hopeful Exports Will Improve

2019-07-09 03:19:011 Oct 2018 01:53 AM EST

Iran’s Oil Minister Bijan Zanganeh says he's very hopeful of an improvement in the country’s crude exports. According to Reuters, Zanganeh made the remarks in spite of tightened U.S. sanctions on Tehran’s main source of income. Zanganeh added that the price of oil was not Iran’s main concern. Rather it was the amount of oil that it could export. Iran faces further U.S. sanctions after announcing it's boosting its uranium enrichment above a cap set by the 2015 nuclear deal. Zanganeh blamed America for destabilizing the oil market, saying Washington was “using the oil as a weapon” to pressure Iran.

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