US unable to strangle Iran’s oil market: 1st veep

TEHRAN, Oct. 28 (MNA) – 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%."