Iran’s oil exports remain largely intact when reimposed on the country when a series of old UN sanctions are reimposed as part of the so-called snapback mechanism, or as part of the so-called snapback mechanism, according to the report.
A report on Monday by the Fars Communications Agency said Iran’s oil exports were not the direct target of six UN sanctions resolutions adopted between 2006 and 2010 in response to alleged non-violation of UN nuclear regulations.
The report added that the sanctions rechallenge has little impact on Iran’s ability to supply oil to international markets, and could only affect oil-related financial transactions with other countries.
France, the UK and Germany say they will use their rights to restore Iran’s sanctions before the late October deadline, when the UN Security Council resolution expiring to disgrace the transaction.
Iran condemned the announcement, and the three countries were influenced by the US, which withdrawn from Iran’s nuclear deal in 2018, and criticised Iran’s attempts to dismantle its peaceful nuclear program.
However, Fars reports that Iran has no concern about the impact of snapbacks on oil exports as a key factor in its economy, adding that the country has exported oil at record levels despite being subject to a unilateral and harsh regime of US sanctions over the past seven years.
Recent data from the International Tanker Tracking Service shows Iran exported 1.8 million barrels per day per day in May, comparable to the figures seen last September and one of the highest figures since the US tightened sanctions in Iran in 2019.
MNA/Press TV