Iran had barely started to reap the economic benefits of its 2015 nuclear deal with world powers when Donald Trump withdrew and imposed sanctions so tight they plunged the country into its worst economic crisis since the 1980s.
Iran plans to export oil from a port on its Sea of Oman coast by March, President Hassan Rouhani said on Thursday, a shift that would avoid using the Strait of Hormuz shipping route.
President Hassan Rouhani said Iran no longer relies on the Strait of Hormuz for oil exports as a new oil terminal created on the Sea of Oman is opening a new export route for its crude.
TEHRAN (Iran News) – Head of Iran’s Plan and Budget Organization Mohammad Baqer Nobakht highlighted the country’s measures to export a million barrels of crude per day in the next Iranian calendar year (March 2020 – March 2021) and said the country has taken new paths for overcoming the sanctions. Speaking to reporters in Tehran […]
TEHRAN (Iran News) – Exports to Iraq through Mehran’s border terminal, located in the west of Ilam province, amounted to about 1.3 million tons, worth over $800 million during the eight months to November 21. Director-General of Ilam Customs Administration Ruhollah Gholami said Iran’s exports to Iraq through the major gate witnessed a 25% increase […]
TEHRAN (Iran News) – Russian Foreign Minister Sergei Lavrov has said that the recent turmoil in Iran and the fact that its economy is pressured, is mainly a result of the illegal sanctions the US imposed on the Islamic Republic after unilaterally withdrawing from the 2015 nuclear deal. “Problems in Iran are very serious, to […]
Tehran (Iran News) – Iranian Oil Minister Bijan Namdar Zanganeh said on Sunday that Iran will use any possible way to export its oil, stressing that exporting crude was the country’s legitimate right. “We will use every possible way to export our oil and we will not succumb to America’s pressure because exporting oil is […]