WANA (Jul 14) – Iran’s Oil Minister, Mohsen Paknejad, has confirmed that the country’s oil exports are continuing without interruption, despite what he described as a breach of the bilateral memorandum of understanding (MoU) by the United States.

 

Addressing recent developments in Iran’s southern waters and the strategic Strait of Hormuz, Paknejad explained that Tehran had fully anticipated American “bad faith” from the very beginning.

 

Consequently, Iranian authorities proactively chose not to dismantle their robust sanction-bypassing and neutralizing mechanisms when the 60-day waivers, outlined in Clause 10 of the MoU, were first established.

 

“We anticipated, based on the Americans’ history of bad faith, that we must maintain our sanction-evading, countering, and neutralizing structures in the oil trade sector, just as before,” Paknejad stated.

 

He noted that the passage of 15 to 16 days proved Tehran’s assessment correct, as Washington once again violated this specific clause of the agreement, consistent with its poor track record.

 

Despite the U.S. move to revoke the waivers, the minister reassured that Iranian oil sales are proceeding with full strength under previous frameworks.

 

He revealed that during the brief period when the blockade was temporarily lifted, Iran made concerted efforts to transfer a substantial volume of oil outside the line of the blockade to secure its trade routes.

 

Paknejad concluded by asserting that Iran’s maritime trade and export mechanisms remain highly resilient. He emphasized that, today as in the past, the country retains its full capability to sell and export crude oil, with all operations continuing to this day without any disruption.