Tehran has"mobilised" all its resources to sell oil in a"grey market" bypassing US sanctions, state media quotes Deputy Oil Minister Amir Hossein Zamaninia as saying.
Gas flares from an oil production platform at the Soroush oil fields in the Persian Gulf, south of the capital Tehran. Iran has mobilised all its resources to sell oil in a "grey market", bypassing US sanctions that Tehran sees as illegitimate, state media quoted Deputy Oil Minister Amir Hossein Zamaninia as saying on Sunday.
The United States told buyers of Iranian oil to stop purchases by May 1 or face sanctions, ending six months of waivers that had allowed Iran's biggest customers to import limited volumes. "We have mobilised all of the country's resources and are selling oil in the 'grey market'," Zamaninia was quoted by state news agency IRNA as saying. Statement by