Hassan Rohani Iran does not fear US sanctions

Hassan Rohani : Iran does not fear US sanctions

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Tehran is not afraid of US sanctions against the Iranian oil sector that will be reinstated Sunday, said Wednesday President Hassan Rohani.

GENEVA (Reuters) – Tehran is not afraid of US sanctions against the Iranian oil sector that will be reinstated Sunday, said President Hassan Rohani Wednesday.

“(November 4) this year will mark a new injustice on the part of the Americans,” said the Iranian president, quoted by the national radio.

“But the people must be convinced that the government is not afraid of American threats.”

Hassan Rohani acknowledged that the coming months could be “difficult”, while ensuring that the authorities would do their utmost to “reduce the problems”.

The reinstatement of sanctions decided by Donald Trump after the withdrawal of the United States from the Iranian nuclear deal signed in 2015 caused a fall in the rial, the national currency, and a shortage of dollars.

Washington intends to impose a total embargo on Iranian oil that would dry up the country’s main source of revenue.

Iran’s oil minister Bijan Zanganeh said on Wednesday that 280,000 barrels had been sold on the energy exchange and Tehran planned to sell another 720,000.

Iran began Sunday to sell oil to private companies that export to try to circumvent US sanctions.

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