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DUBAI (Reuters) – Iran will be allowed to buy crude oil, part of a strategy to counter U.S. sanctions, First Vice President Eshaq Jahangiri said on Sunday.
Iran is looking for ways to keep the oil pollution of the United States.
"Iranian crude oil will be offered on the stock market and the private sector," Jahangiri told an economic event in Tehran broadcast live on state television.
"We want to defeat America's efforts … to stop Iran's oil exports," he said.
"Oil is already being offered on the stock exchange, about 60,000 barrels per day," Jahangiri said. Iran has an oil and petrochemicals stock market as part of its mercantile exchange.
Jahangiri said: "Anyone trying to take away Iran's oil market (share) would be committing great treachery against Iran. it. "
The leader of Saudi Arabia promised US President Donald Trump that he can raise oil production if needed and the country has 2 million barrels per day of spare capacity, the White House said on Saturday.
Reporting by Dubai newsroom; Editing by Robin Pomeroy
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