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Page added on December 24, 2012

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Iran claims it has worked around oil sanctions

Public Policy

Iran’s oil minister claims his country has successfully circumvented sanctions on the sale of its oil.

State TV on Sunday broadcast comments by Rostam Ghasemi that the industry was in “bad shape” about two months ago due to the oil embargo by the West, “but we left the bottleneck behind, almost.”

Ghasemi also said that Iran has set up its own insurance for ships that carry its oil after Western companies refused to cover them.

Iran’s oil exports have fallen by about half in recent months due to the punitive oil and banking measures enacted by the U.S. and Europe over concerns Tehran is pursuing nuclear weapons. The currency has also plummeted.

Iran denies that it is developing weapons. It has taken a consistently defiant tone toward the sanctions.

Fox News

One Comment on "Iran claims it has worked around oil sanctions"

  1. BillT on Mon, 24th Dec 2012 6:35 am 

    Ah Fox, the mouthpiece of the Republicans. Every article with the name “Iran” has to have the ‘nuclear weapons denial’ tag at the end. Wouldn’t want the sheeple to think that the US is the warmonger here. As for Iran’s oil exports, who do you believe, the Iranians or the propaganda out of Washington? I’ll take Iran this time. They are selling more oil than the West wants to admit.

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