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First Vice-President Es’hagh Jahangiri said Sun. that there is no alternative to Iran`s oil supplies. adding `with government`s planning and appropriate mechanisms. I would say with certainty that the United States will not be able to prevent the country from exporting oil.`
Jahangiri made the remarks in a ceremony on Sunday morning to mark the National Insurance Day.
`Iran exported 2.5 million barrels of oil per day in recent months. now Trump administration might be able to disrupt a few thousands barrels per day of Iranian supply. however. we have always emphasized that Iran`s oil exports could not drop below 1 million bpd.` Jahangiri noted.
Oil’s rally from less than $30 in early 2016 has amounted to more than $80 per barrel. Jahangiri noted. adding `Americans could not block Iranian oil export. if so. the cost per barrel would have increased over 100%.`
