TABNAK, Feb 09: “US maximum pressure policy on Iran’s oil export is a failed policy. Reducing Stopping Iran’s oil export to zero is a dream which will never come true for them (the US),” said Iranian Oil Minister Mohsen Paknejad.
He further said the more restrictions imposed on Iran, the more sophisticated approaches would be taken by the country, adding Iranian oil experts working in production or exports domains would come up with ‘special and appropriate’ approaches considering situation Iran is facing.
Last Thursday, US President Donald Trump signed a presidential memorandum to “restore” the infamous "maximum pressure" campaign on Iran.
The campaign aims to prevent Iran from “acquiring nuclear weapons and reduce its oil exports to zero”, Reuters reported.
Trump came up with the campaign in 2018, after he left a deal that limited Iran’s nuclear activities in exchange for sanctions relief. Biden, despite initially promising to return to the nuclear agreement, maintained the approach and subsequently imposed hundreds more sanctions, as stated by his Secretary of State Antony Blinken.
Trump’s new directive aims at bringing about "maximum economic pressure" through new sanctions and enforcement on those violating the existing ones.
