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2026-07-14 19:38:11
[Iranian Oil Minister Says Oil Exports "As Usual"] Iranian Oil Minister Mohsen Paknejhad said on the 14th that despite the US revoking oil sanctions waivers and threatening to reinstate the maritime blockade, Iran's oil exports have been unaffected and everything is "as usual." Paknejhad stated on the social media platform "Telegram" that Iran has developed a national mechanism over the years to "offset the impact of US sanctions," and its oil exports "will not have any problems." The Financial Times previously reported that, facing Western sanctions, Iran has pursued a "resistance economy" policy for decades, encouraging self-reliance and domestic production, establishing an independent national economy and defense industry, demonstrating 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. Last week, the US Treasury Department's Office of Foreign Assets Control announced the revocation of the 60-day authorization for the production, delivery, and sale of Iranian oil, thus restricting Iran's ability to sell oil on the open market. Last month, the US and Iran remotely signed a memorandum of understanding aimed at ending the war. As a first step, Iran immediately reopened the Strait of Hormuz, and the US immediately lifted the maritime blockade. However, on September 26, the United States resumed military strikes against Iran, citing Iranian attacks on merchant ships in the Strait of Hormuz. On September 13, Trump stated that he would reinstate the naval blockade against Iran and impose a 20% fee on all goods transported through the Strait of Hormuz. The New York Times reported on September 13 that Trump had formally notified Congress of the renewed conflict with Iran. (Xinhua)
