22 Apr 2019
Tehran is prepared for a U.S. decision to end waivers granted to buyers of Iranian crude, an Iranian oil ministry source said on Monday, as the Revolutionary Guards repeated their threat to close the strategic Strait of Hormuz, Iranian media reported.
The United States will fail to cut Iranian oil exports to zero, the semi-official Tasnim news agency on Monday quoted an unnamed Iranian oil ministry source as saying.
U.S. President Donald Trump has decided not to reissue waivers in May allowing importers to buy Iranian oil without facing U.S. sanctions, the White House said in a statement on Monday.
Separately, the commander of the Revolutionary Guards’ navy said Iran would close the Strait if Tehran is barred from using it.
“According to international law, the Strait of Hormuz is a marine passageway and if we are barred from using it, we will shut it down,” the semi-official news agency Fars quoted General Alireza Tangsiri as saying on Monday.
By Dubai Newsroom, Reuters, 22 April 2019
Read more at Reuters
Advance your CPD minutes for reading this article, by signing up and using the CPD WalletFREE CPD Wallet