Iran’s Oil Minister Resigns as U.S. Blockade Chokes Crude Exports
Iran’s oil minister has resigned as the U.S. blockade pushes the country’s crude exports and oil revenues toward zero, handing control of Iran’s most important industry to the head of the National Iranian Oil Company. President Masoud Pezeshkian accepted Mohsen Paknejad’s resignation on Sunday and a
Source: OilPrice.com
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DW NOTE
Iran shipped 1.5 million barrels a day before the war — all of it through sanctions evasion, shell companies, and ship-to-ship transfers in the South China Sea. A resignation changes nothing about export capacity when the export infrastructure is already under blockade and the customer base was already limited to Beijing's willingness to ignore Washington.