Iran's Oil Minister: oil exports won't change much despite sanctions

Iranian Oil Minister Zanganeh notes that US sanctions on Iran will have limited impact on Iran's oil production.

Key highlights

Iran needs foreign investment but can survive without it.

Iran prefers $65/barrel crude.

Trump is being dishonest about oil prices; wants higher crude prices.

Iranian budget is expected to meet targets with foreign currency income.

Iran stills expects to output about 4 million bpd for the current fiscal year ending March 2019.