Iranian officials in the past have threatened to block the Strait of Hormuz, a major oil shipping route, in retaliation for any hostile US action against Iran.
PHOTO:REUTERS
He did not elaborate. Iranian officials in the past have threatened to block the Strait of Hormuz, a major oil shipping route, in retaliation for any hostile US action against Iran.
India preparing for cut in oil imports from Iran
“The Americans have claimed they want to completely stop Iran’s oil exports. They don’t understand the meaning of this statement, because it has no meaning for Iranian oil not to be exported, while the region’s oil is exported,” Rouhani said late on Monday during a visit to Switzerland, the website (president.ir) reported.
Iran's leaders seek ways to defend economy from US sanctions
The United States has told countries to cut all imports of Iranian oil from November and is unlikely to offer any exemptions, a senior State Department official said last Tuesday as the Trump administration ramped up pressure on allies to cut off funding to Iran.
“If you (Americans) can, do this and see its result,” Rouhani was quoted as saying to a gathering of Iranians living in Switzerland.
US sanctions aim to turn Iranians against government -Khamenei
Iran, the third-largest producer in the Organization of the Petroleum Exporting Countries, exports about 2 million barrels of crude oil per day.
The leader of Saudi Arabia promised US President Donald Trump that he can raise oil production if needed and the country has 2 million barrels per day of spare capacity, the White House said on Saturday.
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