Iran is considering to use private-sector oil sails in order to thwart US sanctions, Iran’s First Vice Ppresident Es’haq Jahangiri said on July 1 addressing a conference held to mark National Day of Industry and Mine in Tehran.
“The target of the US is firstly oil. They want Iran’s oil not to be sold, which this is impossible and such measures are taken in line with a psychological war,” he said, according to the state-run media.
In May, Washington announced that it is pulling out of the 2015 nuclear agreement with Iran and is re-imposing sanctions lifted from the country. The sanctions will include a ban on Iran over buying or acquiring US dollars as well as restrictions over purchases of oil from the country and investing in its oil sector.