Hosseini: With China’s New Import Licenses, Iran’s Oil Exports Will Rise; Talks With India Underway

Tehran - BORNA - In an interview with Borna News, Hosseini emphasized:“Contrary to concerns, Iran has managed to overcome the challenges of sanctions with its past experience and has continued commercial activities. Although U.S. sanctions have been harsher and more enforceable, Iran has been able to preserve its exports under these difficult conditions.”

Pointing to Iran’s main target markets, he explained: “At present, China’s import licenses have been reduced and Iranian reserves have increased. Once new licenses are granted, conditions for marketing and larger volumes of exports will be provided.”

Hosseini further revealed that India has recently expressed readiness to re-enter the Iranian market, and negotiations with New Delhi are currently underway.

The spokesman underlined that Iran’s traditional customers remain willing to continue cooperation: “Past markets are still interested in maintaining ties with Iran, and we face no obstacles in this regard. Even countries that once imposed sanctions on Iran are now seeking to purchase our oil.”

Recalling previous experiences, Hosseini noted:“In 2010 and 2011, when UN sanctions were imposed on Iran, oil and petroleum product exports actually increased, and even sanctioning countries bought Iranian oil.”

Commenting on the impact of new sanctions, Hosseini acknowledged that while restrictions may raise transportation costs and affect sale prices, the overall impact will be limited:

“Sanctions this time will not be as severe as before. Iran will still be able to continue exports despite higher costs.”

He added that Iran’s energy revenues remain strong:“In the first five months of this year, Iran’s oil exports reached $20 billion, and projections indicate total revenues could reach $43 billion by year-end.”

Hosseini concluded by stressing the role of diplomacy in sustaining exports: “Maintaining trade relations and activating diplomatic channels can reduce the effects of sanctions and expand export markets.”

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