
Iran Focus
London, 15 August – Iran is making a desperate attempt to avoid incoming US sanctions on its oil revenues by significantly lowering the price of its crude oil exports for its biggest buyers in the Asian market, according to an official from within the country’s oil ministry.
The source, who wished to remain anonymous as they were not cleared to speak on this issue, said: “The discount is part of the nature of the global markets being offered by all oil exporters.”
However, many other oil exporting countries are not offering their oil this cheaply, so it seems that this is an attempt to convince its buyers to continue purchasing Iranian oil, even after strict US secondary sanctions come into force in November.


