Iran found new customers for oil supply

Iran has found new customers for oil supply, reports Kommersant.

"Although some states stopped importing Iranian oil because of upcoming US sanctions, Iran has found new customers," said Eshak Jahangiri, First Vice President of Iran.

According to Mehr, despite unfairness and illegality, the US sanctions have created the ground to enhance domestic production.

He said Saudi Arabia won't be able to cover the lack of Iranian oil on the market. For this reason, oil prices have soared.

"The relations of US and Iran aggravated after US President Donald Trump declared on May 8 about unilateral withdrawal from the Comprehensive Plan of Actions, which limited the nuclear developments of Teheran in exchange for cancellation of sanctions of the UN Security Council," reads the message.