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US CLAIM TO CUT IRAN’S OIL EXPORTS TO ZERO “POLITICAL BLUFF” – IRAN

The United States (US) claim that it would reduce Iran's oil exports to zero is a "political bluff," head of state-run National Iranian Oil Company (NIOC) was quoted as saying by the Financial Tribune on Thursday.

US President Donald Trump had been struggling for months to cut off Iranian oil exports, said NIOC chief, Ali Kardor.

"The US president has done all he can and knows very well that bringing Iran's oil export to zero is a political bluff," Xinhua news agency quoted Kardor as saying.

He also said that despite US financial and banking sanctions, Iran did not have any difficulty receiving payment for oil exports and could accept payments in euros, instead of US dollars, if necessary.

"There is no problem on this issue," he said, adding that with European support, there would be no problem.

The US administration has been pushing its allies to cut Iranian oil imports and is encouraging Saudi Arabia, other OPEC states and Russia to pump more oil to meet shortfall in the global market.

Senior US officials often say that their aim is to cut Iran's oil exports to zero "to force Tehran to change their behaviour in the region".

New US sanctions on Iran's oil exports are set to start from Nov 4.

Source: NAM NEWS NETWORK


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