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Iran leadership shrugs off US oil sanctions, pledges response

Iran's supreme leader says the US plan to cap the flow of his country's oil will lead nowhere, pledging a "response to the US hostility."
Iran's Supreme Leader Ayatollah Ali Khamenei delivers a speech during a ceremony marking the death anniversary of the founder of the Islamic Republic Ayatollah Ruhollah Khomeini, in Tehran, Iran, June 4, 2017. TIMA via REUTERS ATTENTION EDITORS - THIS IMAGE WAS PROVIDED BY A THIRD PARTY. FOR EDITORIAL USE ONLY. - RC16ADBF0A50

"Their efforts will end nowhere. We are able to export as much oil as we need and wish," Iran's Supreme Leader Ayatollah Ali Khamenei said two days after the United States announced that sanctions waivers granted to eight countries on the list of Iran's crude customers will not be extended.

"They need to understand that this hostility [will] not go unanswered," Khamenei warned, adding, "The Iranian nation will never remain silent in the face of their enmity." In his April 24 address on the occasion of Iran's Labor Week, Khamenei also suggested that the oil ban was a blessing in disguise, as it serves Iran's good by making its economy "less dependent upon crude sales."

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