No future US government can prevent Iran oil exports, minister says

Above, the Iranian-flagged oil tanker Fortune arrives at the El Palito refinery in Puerto Cabello, in the northern state of Carabobo, Venezuela on May 25, 2020. (MINCI/AFP)
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Updated 19 June 2024
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No future US government can prevent Iran oil exports, minister says

  • In 2018, then-President Trump withdrew from a 2015 nuclear pact with Iran and re-imposed sanctions which hurt Iran’s oil sector
  • US President Joe Biden took office in 2021 and since then Iran has managed to raise output to 3.5 million bpd while tripling exports

DUBAI: Iranian oil exports will continue regardless of who is elected as the next US president, Iranian Oil Minister Javad Owji said on Wednesday, amid concerns that a Donald Trump presidency could curb Iranian crude sales.
“Whatever government comes to power in the United States will not be able to prevent Iranian oil exports,” Owji said in comments quoted by Iran’s official news agency IRNA.
In 2018, then-President Trump withdrew from a 2015 nuclear pact with Iran and re-imposed sanctions which hurt Iran’s oil sector, with production dropping to 2.1 million barrels per day (bpd).
US President Joe Biden took office in 2021 and since then Iran has managed to raise output to 3.5 million bpd while tripling exports, according to Owji.
Iran has expanded oil trade with China.
Iran will elect a new president on June 28 following the death of President Ebrahim Raisi in a helicopter crash in May.
The US presidential election is scheduled for November 5.


Morocco pushes to reform social security system amid inflation and economic pressure, PM says

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Morocco pushes to reform social security system amid inflation and economic pressure, PM says

  • Speaking at the World Economic Forum in Davos, Aziz Akhannouch said his government had expanded healthcare to more than 80 percent of its population

DUBAI: Morocco’s prime minister said on Tuesday that the country was pursuing radical social and economic reforms in the wake of inflationary and economic pressures.

Speaking at the World Economic Forum in Davos, Aziz Akhannouch said his government had expanded healthcare to more than 80 percent of its population, up from just 42 percent when he took office three years ago.

He said this also coincided with consistently strong economic growth and headline inflation reducing to below 1 percent. 

“In a world that doubts itself, Morocco has decided to protect its population, reform and look forward,” he told attendees in Davos.

In late 2025, Morocco was rocked by its largest demonstrations in over a decade as youth‑led groups mobilized nationwide against deteriorating public services, deepening social inequality, and chronic unemployment.

Akhannouch said the country was aware of the difficulties facing Moroccans and was determined to ensure the country would remain on a positive trajectory.

Part of this included the provision of financial aid to more than 12 million citizens, and the formation of trusts for orphans to be paid out when they turn 18.

“Health means dignity, if you want to have a decent life you have to have good health,” he said.

Nevertheless, Akhannouch noted that the government had not forgone its budgetary principles — and had in fact balanced the country’s debt payments and achieved successful fiscal reforms. He noted S&P’s decision in 2025 to raise Morocco’s sovereign rating to BBB‑/A‑3 and restore its investment‑grade status.

Speaking on the World Cup, set to be co-hosted with neighbors Spain and Portugal in 2030, he said the project was seen as a nation-building exercise that would help spur Morocco to develop its underlying infrastructure and provide employment opportunities for young Moroccans.

“It will be a growth accelerator,” he said.

“When we build new rail networks and upgrade cities it will have a long-term impact on people.”