Iran Vows to Uphold Oil Market Share Amidst US Sanctions

Iran asserts its commitment to maintaining its global oil market share despite new US sanctions on Oil Minister Mohsen Paknejad. The Iranian government, led by Mohajerani, emphasizes the futility of sanctions while various ministries work collaboratively to counter them. US actions reflect concerns over Iran’s oil ministry operations. Iranian officials condemn these US measures, viewing them as contradictory to claims of willingness for diplomatic negotiations.

Iran has asserted its unwavering commitment to maintaining its share in the global oil market despite recent sanctions imposed by the United States. Mohajerani, speaking from her X account, criticized the sanctions targeting Iran’s Oil Minister, Mohsen Paknejad, suggesting that the urgency of these measures illustrates US apprehension regarding Iran’s oil ministry operations.

Several Iranian ministries, with the Oil Ministry at the forefront, are engaged in efforts to undermine the effectiveness of the sanctions. Mohajerani firmly stated, “The export of Iran’s oil cannot be stopped,” indicating ongoing resilience amidst the challenging landscape posed by foreign sanctions.

The US Department of the Treasury’s Office of Foreign Assets Control (OFAC) outlined its rationale for designating Paknejad, noting his significant role in managing the export of oil valued at tens of billions of dollars, which also involves allocations to Iran’s armed forces.

The sanctions also extend to several entities across different jurisdictions, including China and India, which are implicated in transferring Iranian oil. The actions of the US follow a letter from former President Donald Trump to Iran’s Leader, threatening military action unless negotiations on a new nuclear agreement commenced.

Iran’s Foreign Ministry spokesperson, Esmaeil Baghaei, condemned the new US sanctions, labeling them as representative of American law infringement and hypocrisy. He emphasized that such actions contradict claims of US willingness to negotiate, revealing the ongoing hostility towards the prosperity of the Iranian people.

In summary, Iran remains resolute in its determination to continue oil exports despite US sanctions targeting its Oil Minister and associated entities. The Iranian government is mobilizing various ministries to counter these sanctions, highlighting the persistent tensions between the US and Iran in the context of negotiations and regional stability.

Original Source: ifpnews.com