The economic outlook in even the [more] powerful European countries is so grim that they will eventually regret losing Iranian oil supplies and prompting a runaway price hike for this vital commodity,” Abed Fattahi said on Wednesday.
He also said the Islamic Republic, however, enjoys “a totally sound economic stability and an active diplomacy,” which enable it to field other buyers for its oil to replace its (former) Western customers.
The Iranian lawmaker further noted that the principal aim of new Western sanctions against Iran was “nothing other than forcing the country to surrender to the global hegemony’s greed,” showing their failure to realize that “the Iranian nation would never submit to such disgrace.”
He also predicted that the current economic crises in European countries will spell an even bleaker situation in that part of the globe, leading to a surge in protests and unrest over the continent’s tough austerity measures.
Fattahi reiterated that the Iranian nation has acclimatized itself to various sanction ploys by its enemies and contrary to assumptions by “imprudent” American leaders, Iran has structured its economic planning around self-reliance and domestic capabilities.
On January 23, the EU agreed to ban oil imports as well as petroleum products from Iran and freeze the assets of Iran’s Central Bank across the EU over Tehran’s nuclear energy program.
Meanwhile, Iran's Oil Minister Rostam Qasemi said on June 30 that the country is fully prepared to offset EU sanctions in the Iranian oil sector.
The United States, the Israeli regime and some of their allies have accused Tehran of pursuing non-civilian objectives in its nuclear energy program.
The US and the EU have imposed unilateral sanctions against Iran to coerce the Islamic Republic into abandoning its nuclear energy program.
Iran has strongly refuted the allegations, arguing that as a signatory to the nuclear Non-Proliferation Treaty (NPT) and a member of the International Atomic Energy Agency (IAEA), it is entitled to develop and acquire nuclear technology for peaceful ends.
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