Iran admits it can no longer export a drop of oil
Oil and gas installations on the Iranian island of Kharg.
Kaveh Kazemi / Getty Images
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2 min
Iran admitted for the first time that US sanctions had dried up oil revenues.
The United States has imposed new sanctions on eleven Iranian, Chinese and UAE-based companies accused of helping Iran bypass the US embargo on its oil exports.
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With our correspondent in Tehran,
Siavosh Ghazi
This is the first time that an Iranian official has recognized that US sanctions have prevented any oil export from the country.
“
They do not allow us to export a drop of oil to buy food or medicine, and even if we sell it, we cannot get the money back,
” Iranian Vice President Mohammad Bagher Nobakht said.
After leaving the 2015 nuclear deal, the United States imposed very heavy economic and banking sanctions against Iran, in particular to prevent any oil export from the country.
Until then, Iranian officials have always maintained that Iran has the means to circumvent US sanctions, even though oil exports have declined.
Despite UN opposition, US sanctions affect Iran
These statements come as the United States is trying, despite the opposition of European countries, Russia and China, signatories to the nuclear agreement, to reactivate UN sanctions against Iran.
In recent weeks, thirteen of the fifteen members of the United Nations Security Council have
opposed the American attempts
.
This does not prevent US sanctions and threats from hitting the Iranian economy hard.
Thus, inflation got out of control and the value of the Iranian currency has been in free fall for a year.
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Iran
United States
Oil
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