Iran will continue to export oil despite <a href="https://www.wionews.com/world/iran-warns-could-shut-hormuz-strait-if-tensions-grow-214139">US pressure aimed at reducing</a> the nation's crude oil shipments to zero, Iran President Hassan Rouhani said in a speech broadcast live on Iranian state TV on Tuesday.

"America's decision that Iran's oil exports must reach zero is a wrong and mistaken decision, and we won't let this decision be executed and operational" Rouhani said.

"In future months, the Americans themselves will see that we will continue our oil exports," he said.

If the United States is able to stop one method for <a href="https://www.wionews.com/world/us-oil-sanctions-wont-go-without-response-iran-213205">Iran to export oil,</a> then it will find other ways, Rouhani said.

Oil prices hit their highest since November last week after Washington said all waivers for sanctions-hit Iranian oil would end this week, pressuring importers to stop buying from Tehran and further tightening global supply.&nbsp;

The United States demanded last Monday that buyers of Iranian oil stop purchases by May 1st or face sanctions, ending six months of waivers that had allowed Iran's eight biggest customers, most of them in Asia, to continue importing limited volumes.

Ordinary Iranians are the ones who feel the pressure from US sanctions, Rouhani said.

Iran will continue to export oil despite US pressure aimed at reducing the nation's crude oil shipments to zero, Iran President Hassan Rouhani said in a speech broadcast live on Iranian state TV on Tuesday.

Iran will continue to export oil despite US pressure aimed at reducing the nation's crude oil shipments to zero, Iran President Hassan Rouhani said in a speech broadcast live on Iranian state TV on Tuesday. "America's decision that Iran's oil exports must reach zero is a wrong and mistaken decision, and we won't let this decision be executed and operational" Rouhani said. "In future months, the Americans themselves will see that we will continue our oil exports," he said. If the United States is able to stop one method for Iran to export oil, then it will find other ways, Rouhani said. Oil prices hit their highest since November last week after Washington said all waivers for sanctions-hit Iranian oil would end this week, pressuring importers to stop buying from Tehran and further tightening global supply. The United States demanded last Monday that buyers of Iranian oil stop purchases by May 1st or face sanctions, ending six months of waivers that had allowed Iran's eight biggest customers, most of them in Asia, to continue importing limited volumes. Ordinary Iranians are the ones who feel the pressure from US sanctions, Rouhani said.

If US stops one method for Iran oil export, we will find another way: President Rouhani

Iran today said US oil sanctions were "illegal" after the<a href="https://www.wionews.com/world/will-no-longer-grant-sanctions-exemptions-to-irans-oil-customers-us-212617"> Trump administration informed</a> that it would stop all exemptions starting May to countries which traded with Tehran.

"Since the sanctions in question are principally illegal, the Islamic Republic of Iran did not and does not attach any value or credibility to the waivers given to the sanctions," the foreign ministry said in a statement.

Iranian media reported that commander of the Revolutionary Guards' said the country would close the Hormuz Strait if Tehran is barred from exporting oil.

"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.

"In case of any threat, we will have not even an iota of doubt to protect and defend the Iranian waters," Tangsiri added.

Iran had earlier threatened to stop ships passing through Strait of Hormuz, a major channel in the Gulf, if the US tried to halt its oil exports. Meanwhile, China said it opposes "unilateral" US sanctions against Iran.

Chinese ministry spokesman Geng Shuang said China's bilateral cooperation with Iran was in accordance with the law. Eight counties were initially given six-month reprieves from unilateral US sanctions on Iran.

Greece, Italy, Japan, South Korea and Taiwan -&nbsp;have already heavily reduced their purchases from Iran. The United States said Monday it would start imposing sanctions on countries such as India, China and Turkey that buy Iranian oil.

Secretary of State Mike Pompeo insisted that the United States would punish countries that buy Iranian oil after May 2nd.

"We've made clear -- if you don't abide by this, there will be sanctions," Pompeo told reporters. "We intend to enforce the sanctions."

Iran today said US oil sanctions were "illegal" after the Trump administration informed that it would stop all exemptions starting May to countries which traded with Tehran.

Iran today said US oil sanctions were "illegal" after the Trump administration informed that it would stop all exemptions starting May to countries which traded with Tehran. "Since the sanctions in question are principally illegal, the Islamic Republic of Iran did not and does not attach any value or credibility to the waivers given to the sanctions," the foreign ministry said in a statement. Iranian media reported that commander of the Revolutionary Guards' said the country would close the Hormuz Strait if Tehran is barred from exporting oil. "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. "In case of any threat, we will have not even an iota of doubt to protect and defend the Iranian waters," Tangsiri added. Iran had earlier threatened to stop ships passing through Strait of Hormuz, a major channel in the Gulf, if the US tried to halt its oil exports. Meanwhile, China said it opposes "unilateral" US sanctions against Iran. Chinese ministry spokesman Geng Shuang said China's bilateral cooperation with Iran was in accordance with the law. Eight counties were initially given six-month reprieves from unilateral US sanctions on Iran. Greece, Italy, Japan, South Korea and Taiwan - have already heavily reduced their purchases from Iran. The United States said Monday it would start imposing sanctions on countries such as India, China and Turkey that buy Iranian oil. Secretary of State Mike Pompeo insisted that the United States would punish countries that buy Iranian oil after May 2nd. "We've made clear -- if you don't abide by this, there will be sanctions," Pompeo told reporters. "We intend to enforce the sanctions."

US oil sanctions principally illegal, do not attach any value to it: Iran

India is studying the implications of the US decision to end sanctions waiver to India on import of Iranian oil, government sources said Monday.&nbsp;

In a move that could have implications on India's energy security, US President Donald Trump decided <a href="https://www.wionews.com/world/will-no-longer-grant-sanctions-exemptions-to-irans-oil-customers-us-212617">not to grant sanctions exemptions to any oil customers of Iran</a>.

In November last year, the US granted waivers to India, China, Japan, South Korea, Taiwan, Turkey, Italy and Greece for a period of six months to import oil from Iran.&nbsp;

"We have seen the announcement by the US Secretary of State. We are studying the implications of the decision and will make a statement at an appropriate time," said a source.

The US re-imposed sanctions on Iran last November after President Trump pulled out of the landmark 2015 Iran nuclear deal.

"President Donald J&nbsp;Trump has decided not to reissue Significant Reduction Exceptions (SREs) when they expire in early May. This decision is intended to bring Iran's oil exports to zero, denying the regime its principal source of revenue," White House Press Secretary Sarah Sanders said in Washington.&nbsp;

India is studying the implications of the US decision to end sanctions waiver to India on import of Iranian oil, government sources said Monday. In a move that could have implications on India's energy security, US President Donald Trump decided not to grant sanctions exemptions to any oil customers of Iran.

India is studying the implications of the US decision to end sanctions waiver to India on import of Iranian oil, government sources said Monday. In a move that could have implications on India's energy security, US President Donald Trump decided not to grant sanctions exemptions to any oil customers of Iran. In November last year, the US granted waivers to India, China, Japan, South Korea, Taiwan, Turkey, Italy and Greece for a period of six months to import oil from Iran. "We have seen the announcement by the US Secretary of State. We are studying the implications of the decision and will make a statement at an appropriate time," said a source. The US re-imposed sanctions on Iran last November after President Trump pulled out of the landmark 2015 Iran nuclear deal. "President Donald J Trump has decided not to reissue Significant Reduction Exceptions (SREs) when they expire in early May. This decision is intended to bring Iran's oil exports to zero, denying the regime its principal source of revenue," White House Press Secretary Sarah Sanders said in Washington.

Studying implications of US decision to end sanctions waiver for import of Iranian oil: Government sources

The United States announced on Monday it will no longer <a href="https://www.wionews.com/india-news/us-to-ask-india-four-other-nations-to-completely-end-iranian-oil-imports-report-212563">grant sanctions exemptions</a> to Iran's oil customers.

The White House said that<a href="https://www.wionews.com/india-news/india-delays-may-order-for-iran-oil-awaits-clarity-on-sanctions-waiver-report-209006"> Saudi Arabia and the United Arab Emirates </a>-&nbsp;close US allies that back President Donald Trump's hawkish stance against regional rival Iran -- would work to make up the difference in oil to ensure that global markets are not rocked.

"This decision is intended to bring Iran's oil exports to zero, denying the regime its principal source of revenue," the White House said in a statement.

"The Trump administration and our allies are determined to sustain and expand the maximum economic pressure campaign against Iran to end the regime's destabilizing activity threatening the United States, our partners and allies and security in the Middle East," it said.

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Saudi Arabia and others in OPEC will more than make up the Oil Flow difference in our now Full Sanctions on Iranian Oil. Iran is being given VERY BAD advice by <a href="https://twitter.com/JohnKerry?ref_src=twsrc%5Etfw">@JohnKerry</a> and people who helped him lead the U.S. into the very bad Iran Nuclear Deal. Big violation of Logan Act?
— Donald J. Trump (@realDonaldTrump) <a href="https://twitter.com/realDonaldTrump/status/1120320642686038016?ref_src=twsrc%5Etfw">April 22, 2019</a></blockquote>
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Eight governments were initially given six-month reprieves from the unilateral US sanctions on Iran. They include India, which has warm ties with Washington but disagrees on the US insistence that Iran is a threat.

Other countries that will be affected include China and Turkey, opening up new friction in contentious relationships if the United States goes ahead with sanctions over buying Iranian oil.

The others -&nbsp;Greece, Italy, Japan, South Korea and Taiwan -&nbsp;have already heavily reduced their purchases from Iran.

Trump last year withdrew the United States from an accord negotiated by his predecessor, Barack Obama, under which Iran drastically scaled back its nuclear program in return for promises of sanctions relief.

The Trump administration, backed by Saudi Arabia and Israel, has instead unilaterally imposed sanctions and demanded that other countries follow suit.

US officials say that they are aiming at choking off Iranian revenue so as to reduce the clerical regime's regional clout, notably its support for militants groups such as Lebanon's Hezbollah.

The United States announced on Monday it will no longer grant sanctions exemptions to Iran's oil customers. The White House said that Saudi Arabia and the United Arab Emirates - close US allies that back President Donald Trump's hawkish stance against regional rival Iran -- would work to make up the difference in oil to ensure that global markets are not rocked.

The United States announced on Monday it will no longer grant sanctions exemptions to Iran's oil customers. The White House said that Saudi Arabia and the United Arab Emirates - close US allies that back President Donald Trump's hawkish stance against regional rival Iran -- would work to make up the difference in oil to ensure that global markets are not rocked. "This decision is intended to bring Iran's oil exports to zero, denying the regime its principal source of revenue," the White House said in a statement. "The Trump administration and our allies are determined to sustain and expand the maximum economic pressure campaign against Iran to end the regime's destabilizing activity threatening the United States, our partners and allies and security in the Middle East," it said. Saudi Arabia and others in OPEC will more than make up the Oil Flow difference in our now Full Sanctions on Iranian Oil. Iran is being given VERY BAD advice by @JohnKerry and people who helped him lead the U.S. into the very bad Iran Nuclear Deal. Big violation of Logan Act? — Donald J. Trump (@realDonaldTrump) April 22, 2019 × Eight governments were initially given six-month reprieves from the unilateral US sanctions on Iran. They include India, which has warm ties with Washington but disagrees on the US insistence that Iran is a threat. Other countries that will be affected include China and Turkey, opening up new friction in contentious relationships if the United States goes ahead with sanctions over buying Iranian oil. The others - Greece, Italy, Japan, South Korea and Taiwan - have already heavily reduced their purchases from Iran. Trump last year withdrew the United States from an accord negotiated by his predecessor, Barack Obama, under which Iran drastically scaled back its nuclear program in return for promises of sanctions relief. The Trump administration, backed by Saudi Arabia and Israel, has instead unilaterally imposed sanctions and demanded that other countries follow suit. US officials say that they are aiming at choking off Iranian revenue so as to reduce the clerical regime's regional clout, notably its support for militants groups such as Lebanon's Hezbollah.

Will no longer grant sanctions exemptions to Iran's oil customers: US

The US on Monday is set to ask five nations, including India and China, to completely end their <a href="https://www.wionews.com/india-news/us-may-renew-waivers-to-countries-importing-iranian-oil-including-india-207805">imports of Iranian oil</a> or be subject to US sanctions, a media report said, a decision that comes about a year after America quit the Iran nuclear deal and imposed toughest ever sanctions on the Persian Gulf nation.

The move which is seen as an escalation of the US President Donald Trump administration's "maximum pressure" on Iran comes after it last year gave temporary 180-days waiver to eight countries, including India, China and Japan among others.&nbsp;

The decision allowed them to continue buying Iranian oil as they showed "significant reduction" in oil purchase from Tehran, the Washington Post reported on Sunday.

"On Monday morning, Secretary of State Mike Pompeo will announce to the media that, as of May 2, the State Department will no longer grant sanctions waivers to any country that is currently importing Iranian crude or condensate," two State Department officials were quoted as saying to the paper.

The waiver to India was also seen as a recognition by Washington of New Delhi's role in the development of the port on the Gulf of Oman, which is of immense strategic importance for the development of war-torn Afghanistan.

In May 2016, India, Iran and Afghanistan had inked a pact which entailed the establishment of Transit and Transport Corridor among the three countries using Chabahar Port as one of the regional hubs for sea transportation in Iran, besides multi-modal transport of goods and passengers across the three nations.

China and India are currently the largest importers of Iranian oil. If they don't go along with Trump's demands, that could cause tensions in both bilateral relationships and spill over into other issues, like trade, the report said.

Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia. Iran supplied 18.4 million tonnes of crude oil during April 2017 and January 2018 (first 10 months of 2017-18 fiscal).

The report also said that South Korea and Japan are relatively less dependent on Iranian oil and have already been treading lightly.&nbsp;

A Turkish official has said the country is expecting&nbsp;another waiver, but it isn't getting one, the report said.

The decision to end the waivers has implications for world oil markets, which have been eagerly anticipating Trump's decision on whether to extend waivers, the paper reported.&nbsp;

The officials said market disruption should be minimal for two reasons - supply is now greater than demand and Pompeo is also set to announce offsets through commitments from other suppliers such as Saudi Arabia and the United Arab Emirates.&nbsp;

The US on Monday is set to ask five nations, including India and China, to completely end their imports of Iranian oil or be subject to US sanctions, a media report said, a decision that comes about a year after America quit the Iran nuclear deal and imposed toughest ever sanctions on the Persian Gulf nation.

The US on Monday is set to ask five nations, including India and China, to completely end their imports of Iranian oil or be subject to US sanctions, a media report said, a decision that comes about a year after America quit the Iran nuclear deal and imposed toughest ever sanctions on the Persian Gulf nation. The move which is seen as an escalation of the US President Donald Trump administration's "maximum pressure" on Iran comes after it last year gave temporary 180-days waiver to eight countries, including India, China and Japan among others. The decision allowed them to continue buying Iranian oil as they showed "significant reduction" in oil purchase from Tehran, the Washington Post reported on Sunday. "On Monday morning, Secretary of State Mike Pompeo will announce to the media that, as of May 2, the State Department will no longer grant sanctions waivers to any country that is currently importing Iranian crude or condensate," two State Department officials were quoted as saying to the paper. The waiver to India was also seen as a recognition by Washington of New Delhi's role in the development of the port on the Gulf of Oman, which is of immense strategic importance for the development of war-torn Afghanistan. In May 2016, India, Iran and Afghanistan had inked a pact which entailed the establishment of Transit and Transport Corridor among the three countries using Chabahar Port as one of the regional hubs for sea transportation in Iran, besides multi-modal transport of goods and passengers across the three nations. China and India are currently the largest importers of Iranian oil. If they don't go along with Trump's demands, that could cause tensions in both bilateral relationships and spill over into other issues, like trade, the report said. Iran is India's third-largest oil supplier behind Iraq and Saudi Arabia. Iran supplied 18.4 million tonnes of crude oil during April 2017 and January 2018 (first 10 months of 2017-18 fiscal). The report also said that South Korea and Japan are relatively less dependent on Iranian oil and have already been treading lightly. A Turkish official has said the country is expecting another waiver, but it isn't getting one, the report said. The decision to end the waivers has implications for world oil markets, which have been eagerly anticipating Trump's decision on whether to extend waivers, the paper reported. The officials said market disruption should be minimal for two reasons - supply is now greater than demand and Pompeo is also set to announce offsets through commitments from other suppliers such as Saudi Arabia and the United Arab Emirates.

US to ask India, four other nations to completely end Iranian oil imports: Report

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If US stops one method for Iran oil export, we will find another way: President Rouhani

US oil sanctions principally illegal, do not attach any value to it: Iran

Studying implications of US decision to end sanctions waiver for import of Iranian oil: Government sources

Will no longer grant sanctions exemptions to Iran's oil customers: US

US to ask India, four other nations to completely end Iranian oil imports: Report