Iran (IMNA) - Speaking through the Oil Ministry’s news service Shana, Paknejad emphasized that Iran has already endured the most stringent sanctions under the US Stop Harboring Iranian Petroleum Act (SHIP Act), enacted in May 2024.
“The strongest and most irritating sanction package they could impose on the oil industry, particularly Iranian oil exports, was the SHIP Act,” Paknejad said, adding that no new sanctions could cause greater concern for Iran’s oil sector. He recalled that the US has imposed 25 sanction packages, amounting to 470 to 480 bans, against Iran’s oil activities over the last two years.
His comments come shortly after the UN reinstated six sanctions on Iran that had been lifted in 2015 following the nuclear agreement with world powers. The resumed sanctions predominantly target individuals and equipment connected to Iran’s nuclear program and include an arms embargo.
Iranian officials have rejected the so-called UN snapback sanctions, viewing them as unlawful moves by European signatories of the 2015 agreement aimed at coercing Iran into political and defense compromises. Authorities maintain that these sanctions will neither significantly affect Iran’s broader economic stability nor impact the non-oil sectors of the economy.
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