Oil sanctions have been one of the most important tools of pressure by the US to prevent the sale of Iranian oil and repatriation of its money under various pretexts, but they are losing their bite.

The United States says there has been no loosening of the sanctions it has been enforcing against Iran, after the Wall Street Journal reported that Washington was considering tightening the enforcements on Tehran’s oil sales to China.

The US government statistics and court documents show the US has sold about 2 million barrels of Iranian crude, after seizing an oil tanker off the coast of the United Arab Emirates.

A report by the Iranian parliament says it would take at least three months to verify the removal of US sanctions on the Islamic Republic.

Iran's foreign minister says India has actually put itself “on the receiving end” of US “bullying” caving in to illegal sanctions and ending oil imports from country.

Iran says the European financial mechanism introduced to compensate for US sanctions will only be useful once it covers Iranian oil sales.

Iran has dismissed a Reuters report claiming that the country has demanded a guaranteed sale of at least 1.5 million bpd of crude as a prerequisite for staying in the nuclear deal.