Iran opens oil terminal to bypass strategic Strait of Hormuz

Iranian President Hassan Rouhani said the opening of an oil terminal in the Gulf of Oman reflects the failure of US sanctions.

Outgoing President Hassan Rouhani has said Iran has opened its first oil terminal in the Gulf of Oman, a move that will allow it to avoid using the Strait of Hormuz shipping route that has been a center of regional tensions for decades. .

“This is a strategic move and an important step for Iran. This will secure the continuation of our oil exports,” Rouhani said in a televised speech on Thursday.

“We had a terminal and if there was a problem, our oil exports would be cut,” Rouhani acknowledged, adding, “Today is a great historic day for the Iranian nation.”

“Today, the first consignment of 100 tonnes of oil is loaded outside the Strait of Hormuz. It shows the failure of US sanctions,” he said.

Rouhani said Iran aims to export up to one million barrels per day (bpd) of oil from Bandar-e-Jask, a port on Iran’s Gulf of Oman coast, south of the Strait of Hormuz, which ships ships to Arabia. Allows access to the ocean and beyond. Avoid narrow straits.

Iran has also built a 1,000 km (600 mi) pipeline to carry its crude oil from Goreh in Bushehr province to the new terminal in the southeast.

Iran has often threatened to block the strait if its crude exports were curtailed by United States sanctions, reimposed by Washington three years ago when then-President Donald Trump attacked Iran and world powers in 2015. unilaterally withdrew from a landmark nuclear deal signed between

Iranian officials and the administration of US President Joe Biden have been holding indirect talks in Vienna since early April to revive the deal, under which Iran agreed to curb its nuclear program in exchange for the lifting of most international sanctions.

The Strait of Hormuz is a narrow channel at the mouth of the Gulf through which about a fifth of the world’s oil flows from producers in the Middle East to markets in Asia, Europe, North America and beyond.

There have been periodic clashes in the region between Iran’s elite Islamic Revolutionary Guard Corps and the US military.

Iran and Israel have also traded allegations of hits on each other’s ships in the area of ​​sensitive waterways.

Israeli-owned ships were attacked in the Gulf of Oman in February and April, with Israel blaming Iran for the blasts.

Iran’s largest naval ship also sank in early June after a fire broke out in the Gulf of Oman. Officials are yet to say whether the sinking of Kharag was an act of sabotage or an accident.


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