16:33 - 14.07.2026

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July 14, Fineko/abc.az. Iran is not stopping oil exports even after the U.S. revoked its permission for such trade, Iranian Oil Minister Mohsen Paknejad.

Earlier, the Office of Foreign Assets Control (OFAC) under the US Treasury announced the revocation of the previously issued license for working with Iranian oil. Instead, a new document was introduced, which prohibits the conclusion of new contracts and orders the completion of all existing agreements by July 17.

"Despite the cancellation of the 60-day permit, oil exports continue as before, and there have been no problems," the minister's Telegram channel reported.

Paknejad also emphasized that Tehran had established a structure to neutralize sanctions measures in advance and maintained it despite the introduction and subsequent cancellation of the American license.