After US decision to withdraw from JCPOA and to reintroduce sanctions, Iran’s oil sector feels more pressure and uncertainty
Almost four years ago, after years of difficult negotiations, the Iran nuclear deal, also known as the Joint Comprehensive Plan of Action (JCPOA), was signed. Many viewed it as a diplomatic triumph, which ...
... that would push the renovation of its energy industry. This is more than a mere bromide or a put-on sham affirmative attitude inherent in populist political statements. In fact, Iran is used to being independent and self-sufficient while living under sanctions. For instance, an Iranian oil company is
the largest tanker
owner in the world, managing far more oil tankers than any of its neighboring fellow oil exporters. This allowed Iran to overcome the sanctions that targeted its oil trading activities by prohibiting international banks ...