Iran will not let any country replace its oil in the market — Ministry -

Washington has decided not to renew its exemptions from U.S. sanctions against Iran that it granted in 2018 to buyers of Iranian oil.

“The Islamic Republic of Iran will not allow any country to replace Iran in the oil market. “The U.S. and those countries will be responsible for any consequences,” Iranian Foreign Ministry spokesman, Abbas Mousavi said. Mr Mousavi called U.S. sanctions “illegal, cruel and driven by bullying’’ and said “we are hopeful that those buyers of Iranian oil, who stood against this unilateral move in their comments, also take action.”

Saudi Energy Minister, Khalid al-Falih on Thursday said that China had “not yet” asked for more oil after the U.S. decided to end its waivers that had allowed Beijing to keep buying from Tehran.

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