Live Update 
From the Liveblog of
Sunday, July 1, 2018
From the Liveblog of
Sunday, July 1, 2018
Iran to allow private firms to export oil in order to bypass US sanctions
Add ToI as a Preferred Source on GoogleIran’s vice president says the country will let private companies export oil in a bid to bypass US sanctions on Iranian oil.
“We have friendly countries to which we sell our oil, and we’ve started negotiations with them,” Eshaq Jahangiri is reported as saying by the official IRNA news agency. “The private sector can openly buy oil and export it.”
Jahangiri says the oil will be sold through the country’s stock exchange.
In November the US will begin sanctioning all Iranian oil purchases as part of the re-imposition of sanctions accompanying its withdrawal from the Iran nuclear deal.
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