Iran says snapback sanctions to not halt oil exports

On September 3, Iran’s Oil Minister Mohsen Paknejad said that the potential activation of a snapback mechanism will not affect the country’s oil export volumes, adding that Tehran is fully prepared to maintain shipments despite any restrictions.

Speaking to reporters on the sidelines of a cabinet meeting, Paknejad emphasised that the Iranian Oil Ministry has implemented “effective and necessary measures to counter the snapback mechanism if activated,” Caliber.Az reports per Iranian media. 

He added, “Naturally, we will take the necessary measures based on the circumstances.”

On oil sales, the minister said the ministry faces no difficulties in exporting oil abroad, noting that Iran shipped more than 21,000 barrels per day (bpd) in the first four months of the current Iranian calendar year (March 21–July 21), compared with the same period last year.

Earlier, on August 29, Paknejad acknowledged that snapback sanctions could create partial obstacles for sales, but reiterated that Iran is prepared to overcome any restrictions.

He highlighted the oil sector’s experience in bypassing sanctions and sustaining exports over recent years, noting that the ministry’s specialised team is ready to “plan and adapt to ensure continuous exports under various sanction conditions.”

By Aghakazim Guliyev