Iran central bank: Oil sales rising, sanctions ineffective

6/26/2019 4:26:00 PM

Tehran (KNA0 - Iran’s central bank governor says the country’s oil exports are rising despite US sanctions which, he said, are no more effective.

The United States is aiming to cut Iran’s sales to zero after ending sanctions waivers to importers of Iranian oil in May, but Abdolnaser Hemmati on Wednesday brushed aside the effort.

“The Islamic Republic has surpassed the summit of resistance and despite the US claim about zeroing out oil sales, the trend of oil exports is increasing,” Hemmati told reporters in Tehran after a cabinet session.

Hemmati also dismissed the new largely symbolic sanctions imposed by the US Monday, targeting Leader of the Islamic Revolution Ayatollah Seyyed Ali Khamenei and other top officials.

“The Americans have done whatever they could with the sanctions, but the embargoes have no more use,” he said.

Other than the oil industry, Iran’s petrochemicals, banking, shipping and precious metals are the target of the unilateral US sanctions which have led to a slump in the value of the rial and disrupted the foreign exchange market.

Source: PressTV

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