Iran is confident that its oil exports will not be disrupted by the re-imposition of sanctions after the United States vowed to withdraw from the Nuclear Deal, according to Iranian Oil Minister Bijan Zanganeh as quoted by Reuters. Zanganeh referred to the previous drop off in its oil exports courtesy of the previous sanctions “history”. “Trump’s decision will not have any impact on our oil export,” the minister said on state television. What the new sanctions will be is not yet known, but previous sanctions on the Middle Eastern country saw a major drop off in oil exports that other OPEC members were only too happy to lap up. Iran has done much to ratchet up its oil production and corresponding exports after the first round of sanctions were lifted in January 2016, bringing it back into the fold as OPEC’s third largest oil producer—even at the expense of […]