A gas flare on an oil production platform is seen alongside an Iranian flag in the Persian Gulf July 25, 2005.

Iran Will Circumvent Upcoming Sanctions, Says IRGC-Affiliated Media

Wednesday, 04/17/2024

In response to impending US and EU sanctions against Tehran, Tasnim, a news outlet affiliated with the IRGC, asserted that Iran will continue to evade the sanctions.

Following Tehran's attack on Israel over the weekend, sanctions against Iran are expected to be imposed in the coming days.

In a report titled "New sanctions, fake or real?" published on Wednesday, Tasnim stated that the new sanctions on Iran would be ineffective.

"The severity of the sanctions imposed over the years, especially in the last decade, has been at its highest level, and the Iranian economy has learned resilience and methods of circumventing these sanctions well," Tasnim’s report read.

Tasnim itself was sanctioned last year by the US, in connection “with the Iranian regime’s violent suppression of nationwide protests following the death of Mahsa ‘Zhina’ Amini.”

In a response to Iran’s attack, the US House of Representatives passed legislation aimed at countering China’s purchase of Iranian crude oil as part of a package of bills being brought to the floor.

Tasnim’s report claims that the demand for Iranian oil from major manufacturing countries like China acts as a constraint on Washington's ability to enforce new oil sanctions against Iran.

In the past months, Iran has heavily relied on exporting millions of barrels from floating storage to boost its oil exports to Beijing.

Earlier this week, US Treasury Secretary Janet Yellen addressed Iran's ongoing oil exports despite US sanctions, stating that "...there may be more that [the US] can do".

The head of the Iran-Iraq Chamber of Commerce, Yahya Ale Eshaq, told Tasnim that the talk of increased sanctions is more of a psychological game and that given the risk of higher oil prices, "the Americans will not have much power" to impose sanctions.

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