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Iran to sell oil in 'grey market' as US tightens sanctions

2019-05-06 09:48:46       source:The Aljazeera

May 6, 2019

Iran has mobilised all its resources to sell oil in a "grey market", a top official said, after the United States told buyers of Iranian oil - including China, India and Turkey - to stop purchases or face sanctions.

Amir Hossein Zamaninia, Iran's deputy oil minister, told state media on Sunday that Iran will continue to export oil despite the US sanctions, which he said were neither just nor legitimate.

The US moves, announced in April, are part of a "maximum pressure campaign" aimed at halting Iran's ballistic missile programme and curbing its regional power, including its support for conflicts in Syria and Yemen.

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