Iran will not succumb to US pressure and will use every possible way to export its oil, Iranian Oil Ministry’s website SHANA quoted Oil Minister Bijan Zanganeh as saying on Sunday.
Iran’s crude oil exports were reduced by more than 80% when the US re-imposed sanctions on the country last November after President Donald Trump pulled out of Iran’s 2015 nuclear deal with world powers.
“We will use every possible way to export our oil and we will not succumb to America’s pressure because exporting oil is Iran’s legitimate right,” Zanganeh said, Reuters reported.
In response, Iran has gradually scaled back its commitments to the 2015 nuclear deal, under which Tehran accepted to curb its nuclear activities in return for lifting most international sanctions.
The increasing US pressure on Iran has scared away foreign investors from doing business in the country.
Meanwhile, Iran’s Atomic Energy Organisation (AEOI) reiterated on Sunday that the country would reduce its commitments under the deal further if the European parties to the pact did not meet promises to shield Iran’s economy from US sanctions.
“We will go ahead with our plans to decrease our commitments to the nuclear deal if other parties fail to keep their promises,” the Students News Agency ISNA quoted AEOI’s spokesman Behrouz Kamalvandi as saying.