Iran’s Commitment to Oil Market Despite U.S. Sanctions

Iranian officials assert that recent U.S. sanctions on Oil Minister Paknejad will not thwart its oil exports. Mohajerani believes these sanctions signify U.S. concern over Iranian oil activities. The Iranian government is coordinating a multi-ministerial response to counteract sanctions. Additionally, the recent sanctions were issued following President Trump’s threats regarding negotiations with Iran.

In a recent statement on her social media account, Iranian official Mohajerani asserted that Iran will staunchly protect its share in the global oil market despite new sanctions imposed by the U.S. Treasury Department on Oil Minister Mohsen Paknejad and various oil export-related vessels. She emphasized that if previous sanctions had been truly effective, there would be no need for the implementation of new measures.

Mohajerani declared that initiating a multi-ministerial campaign against these sanctions is a top priority, with the Oil Ministry playing a pivotal role. She noted that the urgency of the U.S. sanctions indicates Washington’s growing concern regarding the Oil Ministry’s operations.

The Treasury’s Office of Foreign Assets Control (OFAC) designated Paknejad, highlighting that he oversees significant Iranian oil exports and has allocated substantial oil resources to the Iranian armed forces. The sanctions affect various entities connected to oil transportation, including firms in China and India involved in the delivery or removal of Iranian oil.

The sanctions were announced shortly after President Trump sent a letter to Ayatollah Khamenei, threatening military action should conversations regarding a new nuclear deal not occur.

Esmaeil Baghaei, spokesperson for the Iranian Foreign Ministry, condemned the U.S. sanctions, pointing to them as evidence of Washington’s hypocrisy and infringements of international law, while also undermining U.S. claims of seeking negotiations. He portrayed the sanctions as a demonstration of hostility towards the advancement and welfare of the Iranian population.

In summary, Iran maintains its defiance against U.S. sanctions on its oil export activities, with officials claiming that these actions will not hinder its market presence. The Iranian government is mobilizing various ministries to strategically respond to these sanctions, reflecting a firm stance on maintaining its oil exports despite external pressures. The new sanctions have drawn criticism for showcasing contradictory U.S. policies concerning negotiations with Iran.

Original Source: ifpnews.com

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