Iran's oil minister says oil exports' as usual '

Beijing, July 15 (Xinhua) -- Iranian Oil Minister Mohsen Ahmadinejad said on the 14th that despite the United States lifting exemptions to oil sanctions against Iran and threatening to restore maritime blockades, Iran's oil exports have not been affected and everything is "as usual".

 

Paknejad said on the social media "Telegram" that Iran has developed a national mechanism over the years that can "offset the impact of US sanctions" and its oil exports "will not have any problems".

 

The Financial Times previously reported that in the face of Western sanctions, Iran has been pursuing a "resistance economy" policy for decades, encouraging self-reliance and domestic production, and establishing an independent national economy and defense industry with strong resilience. A former Iranian economic official believes that even if the war continues for a year, the Iranian economy can still weather the storm.

 

The Office of Foreign Assets Control of the US Treasury Department issued a statement last week announcing the revocation of its 60 day authorization for the production, delivery, and sale of Iranian oil, thereby restricting Iran's sale of oil on the open market.

 

The United States and Iran signed a memorandum of understanding remotely last month aimed at ending the war. As a first step, Iran immediately reopened the Strait of Hormuz and the United States immediately lifted the maritime blockade. However, on the 26th of last month, the United States resumed military strikes against Iran, citing Iran's attack on merchant ships in the Strait of Hormuz. On the 13th of this month, Trump announced that he would restore the maritime blockade against Iran and charge a 20% fee for all goods transported through the Strait of Hormuz. The New York Times reported on the 13th that Trump has officially notified Congress that the Iran conflict has resumed. (Wang Hongbin)