Iran says wave of new oil sanctions ineffective
Saman Kojouri
Press TV, Tehran
Iran’s petroleum minister says the latest wave of sanctions imposed by the administration of US President Donald Trump, which targets the Islamic Republic’s oil sector, has no practical effect and stems from Washington’s grudge against Tehran.
The US administration imposed a fresh round of sanctions on a number of Iranian individuals and entities affiliated with the Islamic Republic’s oil sector, including Minister of Petroleum Bijan Zanganeh.
In its statement, the US Treasury Department said the sanctions targeted eight officials and entities as well as the National Iranian Oil Company (NIOC) and the National Iranian Tanker Company (NITC). The companies of Madanipour, Mobin Holding Limited, and Oman Fuel Trading Ltd were also blacklisted.
Incoming reports show that Trump plans to impose a flood of new sanctions against Iran, but the Iranian oil minister, Zanganeh, says they have imposed sanctions on whatever exists and that the only thing left for Washington to target with sanction was probably the cleaning staff.
Tehran believes the era of unilateralism is over in the world and that Iran’s oil industry will not be hamstrung.
Robert O’Brien, US President Donald Trump’s national security adviser, recently said the US has imposed so many sanctions on Iran “that there’s very little left for us to do.” Meanwhile, Iran’s foreign minister says the US administration needs to kick the habit of sanctions because it gets nowhere.
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