Iran Denounces U.S. Decision To End Oil Waivers

A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Gulf July 25, 2005. REUTERS/Raheb Homavandi/File Photo

Al Jazeera: Iran denounces 'illegal' US sanctions as oil waivers end

Iran says because US sanctions are 'principally illegal ... it does not attach any value' to the sanctions waivers.

Iran denounced US sanctions on its oil sector as "illegal" on Monday after the United States announced it will no longer grant sanctions exemptions to Iran's oil customers.

"Since the sanctions in question are principally illegal, the Islamic Republic of Iran did not and does not attach any value or credibility to the waivers given to the sanctions," the Iranian foreign ministry said in a statement issued on its official website.

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Update: Iran says ready for U.S. waivers end, as Guards threaten to shut Hormuz (Reuters).

WNU Editor: Iran's Revolutionary Guards are making threats .... Iran's Revolutionary Guard Navy Threatens to Close Hormuz Strait - Reports (Sputnik). The U.S. is responding .... Any move by Iran to close Strait of Hormuz unacceptable - senior U.S. official (Reuters).

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