Iran says despite U.S. sanctions\, it has found new \'potential\' oil buyers

Iran says despite U.S. sanctions, it has found new 'potential' oil buyers

Reuters  |  LONDON 

(Reuters) - All countries that were granted waivers from the to continue buying a certain amount of Iranian imports are complying with U.S. sanctions, a senior Iranian said, noting that was hopeful to find new buyers.

The withdrew from a nuclear deal with last year and snapped sanctions in place to choke Iran's and industries, while temporarily allowing eight customers to keep buying crude from the Islamic Republic.

"China, India, Japan, and other countries that were granted waivers from to import Iranian are not willing to buy even one barrel more from Iran," Amir Hossein Zamaninia, Iran's for trade and international affairs, was quoted as saying by the Oil Ministry's agency SHANA.

However, without giving details, Zamaninia said: "Despite U.S. pressures on Iranian oil market, the number of potential buyers of Iranian oil has significantly increased due to a competitive market, greed and pursuit of more profit."

The 180-day exemptions were also granted to Italy, Greece, and

seeks to bring Iranian to zero in order to curb Tehran's missile and nuclear programmes and counter its growing military and political influence in the

has urged European countries, which are still committed to the nuclear deal, to oppose the sanctions by creating a financial mechanism that facilitates payments of Iranian

Zamaninia said the mechanism, known as SPV (Special Purpose Vehicle for trade), would be "helpful but could not resolve the problems since U.S. influence will affect any European action".

(Reporting by Bozorgmehr Sharafedin; Editing by Alison Williams)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

First Published: Sat, January 05 2019. 13:36 IST