Iran Flouts US Sanctions Squeeze, Grows Non-Oil Exports Nearly 70 Percent in One Quarter | WHAT REALLY HAPPENED

Iran Flouts US Sanctions Squeeze, Grows Non-Oil Exports Nearly 70 Percent in One Quarter

The United States slapped crushing sanctions on Iran’s energy sector in 2018 after unilaterally pulling out of the Joint Comprehensive Plan of Action nuclear deal, attempting to bring the Islamic Republic’s oil exports down “to zero” and threatening traditional customers of Iranian crude with secondary restrictions.

Iran’s non-oil exports have surged by a whopping 69 percent in the quarter ending 21 June compared to the same period last year, reaching $10.7 billion in total value, fresh statistics by Iran’s customs office cited by Tasnim show.

Customs chief Mehdi Mir Ashrafi reported on the figures on Thursday, stating that the gross weight of cargoes sent from Iran had increased by 38 percent year-on-year.

China was said to have been the top destination for the Iranian non-oil exports, accounting for $3.1 billion, with Iraq coming second –with exports valued at $2.3 billion, and the United Arab Emirates rounding out the top three with $1.3 billion in purchases.

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