Iran's oil minister expressed confidence in handling potential renewed sanctions on oil exports.
Iran is ready to face possible additional sanctions on its oil exports , Iran ian Oil Minister Mohsen Paknejad was quoted as saying on Wednesday. “Required measures have been taken. I will not go into detail but our colleagues within the oil sector have taken measures to deal with the restrictions that will occur and there is no reason to be concerned,” Reuters quoted Paknejad as telling the oil ministry’s news service Shana. During his first term in office, U.S.
President Joe Biden and his Administration, while keeping all sanctions on Iran in place, haven’t monitored strictly the compliance of the sanctions as they were keen to keep oil flowing amidst crises elsewhere such as the Russian invasion of Ukraine. Now Trump could have a personal issue with Iran and is likely to seek a maximum pressure policy, which could stifle Iranian oil exports that had just hit a six-year high earlier this year. A major drop in Iranian oil exports, if the U.S.
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