Iran intends to continue exporting oil despite stricter U.S. sanctions. During a live broadcast Tuesday, Iranian President Hassan Rouhani confirmed his country will continue to export crude oil.
The announcement comes days after U.S. officials announced they will not renew sanction waivers for five nations to purchase Iranian oil. The U.S. decision was heavily criticized in Tehran after Rouhani said the elimination of waivers is a hostile measure.
Statistics show the U.S. sanctions have cost Iran over $10 billion in revenue.