Iranian oil exports surged to their highest level since 2018 last year
Iranian oil exports surged to their highest level since 2018 last year
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TEHRAN: Iran's oil exports have grown significantly in 2018, reaching their highest level since 2018, according to the semi-official Tasnim news agency, which cited Oil Minister Javad Ovji.

Ovji claims that since the start of the Iranian year on March 21, 2022, the nation has exported 83 million more barrels of oil than it did during the same period.

Although the official did not give an exact figure, he said oil exports had risen to their highest level since US sanctions were reinstated nearly five years ago. According to Ovji, petrol exports increased by 15% compared to the previous Iranian year.

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Since 2018, when former US President Donald Trump pulled out of the 2015 nuclear deal and reimposed sanctions targeting Iran's oil, banking and transportation sectors in an effort to reduce Tehran's income, Tehran Oil exports have been banned. Thereafter, exports fell from less than 2.5 million barrels per day (bpd) to as low as 100,000 bpd at various points in 2018.

In exchange for sanctions relief, the nuclear deal asked Iran to curtail its nuclear program. As a result of Iran's alleged sale of drones to Russia and Washington's outrage over human rights violations, discussions about reviving the deal have so far come to a standstill.

Additionally, the US earlier this month imposed new sanctions against 20 affiliated shipping vessels and 11 companies for allegedly helping Iran export petroleum and petrochemical goods in defiance of US sanctions.

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The US and EU are no longer the industrial powerhouses of the world; As a result, they do not produce enough to bring in enough money to support their societies.

The entire nation is still on the hook, even as war industries make money for their own contractors. As long as they retain control of the global financial system through the use of their own currency, the sanctions regime continues to generate income for them that they are no longer able to generate through production and sales.

Sanctions are a way for the West to make a lot of money quickly. The sanctions regime will eventually freeze and stop working like everything else.

The Ukraine war is a gift in disguise for Asian countries, and it serves as a dire wake-up call for African countries to join Asian countries in standing their ground against Western hegemony. Regardless of Russia's face, the recalcitrant West is biting its nose.

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His insatiable desire to control and suppress the invincible Russia backfired. The only option is for the devious marauders or Gasconarders to end the conflict as soon as possible. It is pointless, tedious and costly to travel thousands of miles to warm up America wasting public resources.

It has been demonstrated that they can hand off obsolete or retired stuff to chumps or Bunko Schlemel like Zelensky. Since Zelensky was an elected leader, Ukrainians have been required or ordered to pay for his departure.

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