WANA (Sep 24) – Iran’s Oil Minister, Mohsen Paknejad, stated that the activation of the “snapback” mechanism would not impose any new disruptive restrictions on the country’s oil exports.

 

Speaking to reporters on the sidelines of Wednesday’s cabinet meeting, Paknejad was asked about the potential impact of snapback sanctions on Iranian oil exports. He responded:
“If the snapback mechanism is implemented, it will not create any new bothersome restrictions on oil sales.”

 

He added, “If we face conditions that require new decisions and planning, we definitely have strategies in place.”

 

Paknejad emphasised that the country’s oil sales team includes some of the most professional experts, particularly in handling and neutralising sanctions. “In recent days, we’ve held detailed meetings with our specialized teams and have adopted necessary measures,” he said.

 

“We’re doing our utmost and are not overly concerned. The public should not worry either. Oil sales are ongoing, and we’re not facing any major issues,” he assured.

 

Referring to the contents of the snapback mechanism, Paknejad noted: “If you read the provisions of the snapback, it doesn’t directly address oil sales. Rather, it deals with areas such as trade, finance, sales, and maritime transport. In those areas, some complications might arise, but we have prepared countermeasures for them as well.”

 

His comments come amid growing discussions about the possible reactivation of snapback sanctions by European parties to the Iran nuclear deal, which could lead to renewed international pressure on Iran’s economy.