Iran expects its oil exports won’t be less than 1 million barrels per day

Tehran expects that the US sanctions won’t reduce its oil exports to the level of less than 1 million barrels per day, First Vice-President Eshaq Jahangiri said on Sunday, according to the IRNAnews agency.

Over the past months, Iran has been exporting 2.5 million barrels of oil per day, Jahangiri said. The US cannot halt Iranian oil exports as there is no substitution for them on the market, he noted.

"Today, US officials are lying to the world and the Americans about oil price," Jahangiri told a ceremony in the Iranian capital. If the US was able to halt Iran’s oil exports, the oil price would hit $100 per barrel, he said, TASS reports.