Iran Says It Will Continue Exporting Oil Despite Canceled U.S. Waiver

AI Summary

Iran's Oil Minister Mohsen Paknejad asserted that Iran will continue oil exports despite the U.S. cancelling its waiver on Iranian oil sales, amid ongoing tensions and a U.S. naval blockade near the Strait of Hormuz. Tehran maintains a defiant stance on controlling the vital shipping lane.

Iran continues to export its oil despite last week’s cancellation of the U.S. waiver of its oil sales, Iranian Oil Minister, Mohsen Paknejad, said on Tuesday, as Tehran remains defiant and determined to control the Strait of Hormuz amid renewed hostilities and the reinstated U.S. naval blockade. “Iran’s oil exports are continuing without interruption despite the termination of a 60-day exemption tied to US sanctions,” Shana, the news service of Iran’s Oil Ministry, quoted the oil minister as saying. Iran’s Oil…