The US failed to stop the export of Iranian oil

Washington failed to stop the export of Iranian oil, despite the desire to bring it to zero, said on Sunday, the First Vice President of Iran Eshaq Jahangiri.

“Oil, being the main source of income for Iran, has been subjected to severe sanctions. Under previous sanctions, the ceiling of the sales to Iran was identified in one million barrels of oil, and then we sell up to 900 thousand barrels of oil. Now they (the Americans) said that Iran’s oil sales should be zero, which, fortunately, they were not able to do,” said Jahangiri, whose words are quoted in a release on his website.

His words came against the backdrop of measures developed by the Iranian authorities aimed at moving away from oil as the country’s primary source of income. Iranian President Hassan Rouhani stressed that US sanctions would have less effect if Tehran were less dependent on this source. In mid-February, Rouhani said that for the first time in its history, Tehran stopped focusing on oil.

Also, Tehran is trying to break through new routes for oil exports, primarily bypassing the key energy route – the Strait of Hormuz, instability which may affect the stability of oil supplies from the region as a whole.

Back in Tehran in 2018, it was not ruled out that Iran would close the Strait to other countries if the Islamic Republic could not export oil due to US sanctions. Later, the Iranian military said there were no such plans.

At the moment, Iran is building an oil pipeline from the Gure oil terminal to the port of Jack, which will allow Iran to transport up to 1 million barrels of oil per day from the territory near the Eastern part of the Persian Gulf directly to the port in the Gulf of Oman, bypassing the Strait of Hormuz. The project is scheduled to be completed in the first quarter of 2021.