Sun | Jan 20, 2019

Iran: US wish to halt Iran's crude exports won't come true

Published:Tuesday | September 25, 2018 | 12:00 AM
This September 4, 2018 file photo, released by an official website of the office of the Iranian presidency shows part of the Pardis petrochemical complex facilities in Assalouyeh on the northern coast of the Persian Gulf, Iran. Bijan Zanganeh, Iran’s oil minister, said the United States will not succeed in its plans to halt Iranian crude exports.


Iran's oil minister has said that the United States will not succeed in its plans to halt Iranian crude exports, even as he acknowledged that South Korea has stopped buying oil from Tehran, Iranian media reported on Monday.

The website of Iran's oil ministry,, quotes the minister, Bijan Zanganeh, as saying that the "US dream of getting Iran's oil exports (effectively) to zero won't come true".

Zanganeh said such a plan isn't possible long-term, though Washington seems determined to cut Iran's crude exports, "even if for just a month".

However, he did say that Seoul hasn't bought any Iranian crude "for three continuous months".

President Donald Trump pulled the US out of the nuclear deal between Iran and world powers in May. Washington wants to reduce Iran's oil exports effectively to zero with renewed sanctions in November and has been encouraging its allies to cut their oil imports from Iran.

It's unclear, however, how much other countries will cut back on Iranian oil imports. Britain, France, Germany, Russia and China, which also signed the nuclear deal, opposed the Trump administration's decision to withdraw from it. European countries are trying to salvage the landmark accord.

Zangeneh also welcomed the outcome of a meeting Sunday between OPEC members and the cartel's allies, which ended without any decision to further increase oil output despite Trump's call for lower prices.

Zangeneh says that "no country gave a positive answer to Trump" and that this can be considered a "heavy defeat" for the US president.