What sanctions? Iranian oil industry is booming
Historically, Washington often shows that keeping prices of the commodity low is the priority
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AS THE debate plays out over the damage done to the Iranian nuclear programme by US and Israeli strikes, one reality is clear: The country’s booming energy sector, the cash cow of the regime, emerged unscathed.
The numbers don’t lie. Iranian oil output reached a 46-year high in 2024, based on recently released data. If anything, all available information for the first six months of 2025 suggests this year will see another increase in production.
Every time I hear an American official talk about US oil sanctions on Iran, I can’t help wonder: “What sanctions, exactly?” Increasingly, they exist only on paper, while the White House hypes a nonexistent policy of “maximum pressure” on the Iranian oil sector. I see only maximum oil output.
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