Middle East

Iran says selling oil easy despite sanctions

Iran says it is having no trouble selling oil despite U.S. sanctions imposed over Tehran's disputed nuclear program.

The Saturday report by the semiofficial Mehr news agency quotes Central Bank Governor Mahmoud Bahmani as saying that Iran is "easily" able to sell its oil thanks to countries given waivers by the U.S. to import some oil.

The State Department has announced that China, India, Japan, Malaysia, South Korea, Singapore, South Africa, Sri Lanka, Turkey and Taiwan have received waivers from the U.S. in exchange for "significantly reducing" oil imports.

Bahmani's comments come a day before an EU embargo on imports of Iranian oil goes into effect.

The U.S. and EU measures are intended to pressure Iran over fears that it is developing nuclear weapons. Iran denies the charges.