TEHRAN - Iranians, already hard hit by punishing US economic sanctions, are bracing for more pain after Washington abolished waivers for some countries which had allowed them to buy oil from Iran. Analysts have put Iran's oil exports in March at around 1.9 million barrels a day, while the Central Bank had forecast revenue from oil sales in 2019 at around $10.57 billion. As ordinary citizens, we already expect prices to rise further" if oil exports reach zero, she added. - 'Economic terrorism' -For Zarif, the US move to sanction Iran's oil sales is another instance of what the Islamic Republic has repeatedly called "economic terrorism." "America's dream for bringing Iran's oil exports to zero will not be realised," he told lawmakers on Tuesday, ISNA reported.

Source: Bangkok Post April 24, 2019 03:33 UTC