Iran Says No OPEC Member Can Replace Its Oil Exports Share


Trump signed an executive order on August 6 reimposing the first round of sanctions on Iran, which had been lifted under the nuclear deal, to levy "maximum economic pressure" on the Islamic Republic.

Washington has said Iran's only chance of avoiding the sanctions would be to accept Trump's offer to negotiate a tougher nuclear deal.

The United States will impose tougher sanctions in November which will target Iran's oil sales and banking sector.

It referred to speculations that Saudi Arabia would pump more oil to fill Iran's gap once US sanctions against the Islamic Republic come into effect, Press TV reported.

"Iran believes that OPEC should strongly support its members at this stage and stop the plots of countries trying to politicize this organization", he added.

Saudi Arabia's government said last month that it has the capacity to increase oil production.

Efforts by the remaining signatories - European Union members Britain, France and Germany plus China and Russian Federation - to avoid the agreement's collapse are struggling as Washington has said any firms dealing with Teheran will be barred from doing business in the United States.

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Europeans' measures to save Iran's 2015 worldwide nuclear deal should "go beyond declarations to take pragmatic steps", Mohammad Javad Zarif said.

In August, Washington imposed sanctions on acquisition of United States dollars by Iran, and its trade in gold and precious metals.

"We are hopeful that the European countries can meet their commitments, but even if they cannot, we are seeking solutions to sell our oil and transfer its revenue", Eshaq Jahangiri was quoted as saying by the state news agency IRNA.

Iran's vice president said on Sunday that the government was seeking solutions to sell oil and transfer its revenues despite fresh US sanctions on Iranian energy and banking sectors.

The energy firm's departure was announced by Iran's oil minister who reportedly told state media the company is leaving in response to threats from Washington to sanction companies that do business with the Islamic republic.

Still, Mohammad Javad Zarif said such measures have not been enough.

"I believe there is a disease in the United States and that is the addiction to sanctions", Zarif told the USA broadcaster on Sunday.