Iran is raking in more cash from oil exports thanks to higher prices despite the decline in amount of oil exported, the country’s Vice President Eshaq Jahagiri told Iranian media, as quoted by Radio Free Europe. “America thinks Saudi Arabia can replace this oil. But right now Iran’s oil has reached more than $80 [per barrel], and with half the previous exports we will have the same income as before,” Jahagiri said, adding that while some of Iran’s oil clients had stopped buying its crude oil, the country had taken on some new buyers. “On the other hand, we have also negotiated with traditional customers to find solutions for cooperation,” the vice president said, as quoted by state news agency Shana. “It’s not strange for countries that are being sanctioned to look for ways to circumvent sanctions.” Radio Free Europe notes that Jahagiri’s remarks are in essence an acknowledgement […]