Paknejad said on Wednesday that no new sanctions on Iran’s oil exports could be worse than bans announced by the US government in May 2024 under a US Congress law known as the Stop Harboring Iranian Petroleum Act, or the SHIP Act.
“It can be said that the strongest and most irritating sanction package that they could enact against the oil industry and especially against the Iranian oil exports was the SHIP Act ... This means they can add no new sanctions that can worry us,” he was quoted by the Oil Ministry’s news website.
The minister said that the US had announced 25 sanctions packages containing 470 to 480 bans on Iran’s oil industry activities over the past two years.
The remarks came days after the UN re-imposed six sanction resolutions on Iran that had been lifted in 2015 when the country reached an agreement with world powers to settle disputes surrounding its nuclear program.
The sanctions mostly target people and equipment related to Iran’s nuclear activities, as well as an embargo on arms trade.
Iranian authorities have dismissed the so-called snapback of UN sanctions as a result of illegal attempts by European parties to the 2015 nuclear agreement to pressure Iran to accept political and defense concessions.
They say the sanctions won’t have a significant impact on the overall economic situation in Iran and won’t even affect the non-oil sector of the Iranian economy.
Press TV