October 15, 2018 / 12:39 PM / a month ago

U.S. still aiming to cut Iran oil sales to zero, market well-supplied -U.S. envoy for Iran

PARIS, Oct 15 (Reuters) - The United States is still aiming to cut Iran’s oil sales to zero and does not foresee the re-imposition of oil sanctions against Tehran on Nov. 4 as having a negative impact on the market as it is well-supplied and balanced, Washington’s special envoy for Iran said on Monday.

Speaking to reporters in a conference call, Brian Hook also said Iran’s ballistic missile activities need to be deterred and that European efforts to create a special purpose vehicle for trade with Tehran would find no demand as more than 100 foreign firms had indicated they would be leaving the country. (Reporting by John Irish Editing by Raissa Kasolowsky)

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