
Iran Focus
London, 12 July – Iran recently announced that they planned to circumvent US sanctions on Iranian oil by offering their crude oil to buyers through the national stock exchange.
Eshaq Jahangiri, Iran’s first vice-president said: “We have friendly countries to which we sell our oil, and we’ve started negotiations with them. The private sector can openly buy oil and export it.”
However, this plan has its own limitations according to Senior Fellow at the OCP Policy Francis Perrin, who explained that this is not an efficient and effective way to evade sanctions on Iranian oil and that this would not become a significant method of trade as the US would still impose sanctions on it, no matter how the purchaser came across it.


