Iran’s first vice president is saying the country’s private sector will be able to buy and export crude oil under a new plan to combat U.S. sanctions.

Eshaq Jahangiri made the comments Sunday in a televised speech.

“Our attempt is to defeat U.S. policies in the sale of oil and we are pretty sure we will sell our oil as much as we need,” he added.

President Donald Trump’s administration has threatened close allies such as South Korea with sanctions if they don’t cut off Iranian imports by early November. It comes as Mr. Trump pulled the U.S. out of Tehran’s nuclear deal with world powers in May.