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Iranian Oil Minister Slams New US Sanctions

Iran’s Oil Minister Bijan Zanganeh on Monday denounced the new sanctions which Washington recently imposed at him and other officials in Iran.

The Iranian minister described the move as “a passive reaction to the failure of Washington’s policy of reducing [Iran’s] crude oil exports to zero.”

The comments came after the US on Monday announced fresh sanctions on Iran’s Petroleum Ministry along with the National Iranian Oil Company (NIOC) and the National Iranian Tanker Company (NITC).

Eleven entities, eight individuals including Zanganeh and two vessels were sanctioned by President Donald Trump’s administration for their alleged financial support to Iran’s Islamic Revolutionary Guard Corps-Qods Force (IRGC-QF), US Treasury Department said in a statement.

“Iran’s oil industry will not be hamstrung,” Zanganeh wrote on Twitter. “I have no assets outside of Iran to be subject to the sanctions.” Source