Crude Oil Exports Rebounding, Says Iran's Oil Minister
Iran’s Oil Minister said on Wednesday that crude oil exports are rebounding after being hit by a European embargo in July, describing for Parliament the strategies by which the Islamic Republic says it is countering punitive measures imposed by the West over Tehran’s nuclear programme.
Rostam Qassemi did not provide figures. But some analysts say that exports had fallen in July by as much as 40 per cent, hitting a sector that counts for four-fifths of the country’s foreign revenue. His comments carried by the semi-official Mohr news agency appear part of wider efforts by Iranian officials to show that Iran can ride out the sanctions.