Sanctions: Iran seeks solution to sell oil, transfer revenues

Sanctions: Iran seeks solution to sell oil, transfer revenues

Iran’s vice president says the government was seeking solutions to sell oil and transfer its revenues after the United States withdrew from a nuclear deal with Tehran and slapped fresh sanctions on Iranian energy and banking sectors.

“We are hopeful that the European countries can meet their commitments but even if they cannot, we are seeking solutions to sell our oil and transfer its revenues,” Vice President Eshaq Jahangiri was quoted as saying by the state news agency IRNA on Sunday.

European signatories to the 2015 nuclear deal have been searching for ways to salvage it despite the U.S. exit and Washington’s pressure on its allies to cut purchases of Iranian oil.

Agency Report

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