Iranian oil being sold at twice the contracted price: MP

The spokesman for the Iranian Parliament’s Planning and Budget Committee has asserted that the nation’s oil is being sold at twice the contracted price.

Abbas Ghodrati made the remarks during an interview on Wednesday, highlighting Iran’s economic resilience amid ongoing international sanctions, particularly from the United States.

He emphasized that oil sales have not halted despite the sanctions imposed by the US, arguing that these bans have inadvertently led to significant losses for the American economy, exceeding any financial burdens they may impose on Iran’s budget.

According to Ghodrati, the ongoing military successes, particularly the ability to counter advanced US military aircraft like the F35 and F18, further highlight the diminishing effectiveness of American pressure tactics.

Ghodrati further stated that the US is attempting to impose sanctions on digital currencies to disrupt trade exchanges.

However, he said, Iran is adapting well to these challenges, asserting that regardless of the circumstances surrounding the war, the Islamic Republic is achieving victories.

Oil prices increase as Iran continues restrictions for US, allies in Strait of Hormuz

Oil prices have increased after Iranian officials emphasized that the Strait of Hormuz will not return to its previous state for the US and its allies.

The lawmaker further contended that claims by some Persian-language media outlets about government spending favoring military needs over public welfare are unfounded.

He described this narrative as part of a psychological warfare tactic orchestrated by hostile entities, noting that the military expenditures of the US far surpass those of Iran.

Tensions have been running high over a so-called naval blockade the US has enforced on Iranian ports and ships.

Iranian officials have said the blockade is unlawful and a breach of a two-week ceasefire that took effect on April 8, which was again unilaterally extended by US President Doland Trump hours before it was set to expire on April 22.

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