1 hr ago
Trump Says Hormuz Oil Flows Have Reached Prewar Levels
Donald Trump said that a lot of oil has recently traveled through the Strait of Hormuz.
He said the amount was similar to, or sometimes greater than, what passed through before the war.
Reports cited by Al Jazeera said Gulf oil exports had recovered to more than 81% of their earlier level in September.
Trump also said Iran's oil minister quit because Iran had no economy or oil.
Iranian state media reported that Oil Minister Mohsen Paknejad had resigned.
President Masoud Pezeshkian accepted the resignation and named Hamid Bovard to lead the ministry for now.
The articles do not give an official reason for Paknejad's departure.
Press TV reported that local reports had suggested several possible disagreements.
Donald Trump said millions of barrels of oil passed through the Strait of Hormuz over the previous couple of days.
Trump said flows were at or sometimes above prewar levels, while reports cited by Al Jazeera described Gulf exports recovering to more than 81% of prewar levels in September.
Trump claimed Iran's oil minister resigned because the country had no economy or oil; no reason for the resignation was officially given in the article.
Iranian President Masoud Pezeshkian accepted Oil Minister Mohsen Paknejad's resignation and appointed National Iranian Oil Company CEO Hamid Bovard as caretaker.
Press TV cited reports suggesting the resignation may relate to disagreements with Pezeshkian, Paknejad's interventions at PGPIC, or dissatisfaction over oil-export trustees.
- Who
- U.S. President Donald Trump; Iranian Oil Minister Mohsen Paknejad; President Masoud Pezeshkian; and caretaker minister Hamid Bovard.
- What
- Trump said oil flows through the Strait of Hormuz had reached prewar levels or higher; Iran accepted Paknejad's resignation and appointed Bovard as caretaker oil minister.
- Where
- Outside the White House; the oil-flow claims concern the Strait of Hormuz and Gulf exports.
- When
- Trump spoke on Tuesday local time; the Iranian presidential decree accepting the resignation was issued on Sunday.
- Why
- No official reason for Paknejad's resignation was given. Press TV cited reports suggesting possible disagreements and dissatisfaction.
Key facts
- Trump's reported oil-flow timeframe
- The previous couple of days
- Gulf oil flows excluding Iran
- More than 81% of prewar levels in September, according to Kpler data cited by Al Jazeera
- Wider Middle East crude exports
- Exceeded prewar levels on 14 days during September, according to Kpler data cited by Al Jazeera
- Resigning oil minister
- Mohsen Paknejad
- Caretaker oil minister
- Hamid Bovard, CEO of the National Iranian Oil Company
- Official resignation reason
- Not stated
- Reported possible issues
- Press TV cited reports of possible disagreements with Pezeshkian, interventions at PGPIC, and concerns about oil-export trustees
Quotes
Donald Trump
US president speaking to reporters outside the White House
“The Hormuz Strait, tremendous amounts, millions of barrels of oil, has been delivered just over the last couple of days. We're getting it through at levels that were now even and sometimes exceeding prior to the war. And we've done very well.”
deccanchronicle.com
“Iran is doing very poorly. Their economy is gone. They have inflation of almost 300 per cent. Their oil minister just quit. He said, 'We have no economy. We have no oil. We have nothing.'”
deccanchronicle.com
Sources
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