"“The mere announcement of the sanctions against Iran’s oil industry has led to an 18-percent hike in the oil prices in the global markets,” Qasemi said on Thursday.
The senior Iranian oil official said despite the sanctions, the country has inked “new contracts with new customers.”
“Iran has no problem in exporting its oil,” he added."
-- He's telling the truth. Switzerland has just refused to go along with financial sanctions. We have it on the World News Desk . -- MCR
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