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BREAKING NEWS

U.S. Iran envoy aims to zero Iran oil exports without spike in price

U.S. Iran envoy aims to zero Iran oil exports without spike in price
FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo -
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Raheb Homavandi(Reuters)
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WASHINGTON (Reuters) - The United States has been very careful and successful in applying maximum pressure on Iran through sanctions without allowing a spike in the oil price, U.S. Special Representative for Iran Brian Hook told reporters on Wednesday.

Speaking at a briefing, Hook said Washington's "maximum pressure" strategy was also going to apply to escrow accounts holding Iranian oil revenues. He said an expected increase in oil supply in 2019 will help the United States to ask countries to further reduce their imports of Iranian oil.

(Reporting by Lesley Wroughton and Makini Brice; Writing by Humeyra Pamuk; Editing by James Dalgleish)

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