The Key To Iran’s Success In The Face Of Sanctions

One of the most humiliating aspects for Iran of the last sanctions era was that it was dependent on the whim of the U.S. for gasoline just to keep its vehicles moving, Mehrdad Emadi, head of risk analysis and energy derivatives markets consultancy, Betamatrix, in London, told OilPrice.com. “At the time that the new sanctions were introduced last year [by the U.S.], Iran was absolutely determined not to be in the dependent position again, which is why it has pushed ahead so determinedly with the PGSR [Persian Gulf Star Refinery], and why Iran…