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No Future US Government Can Prevent Iran Oil Exports, Minister Says 

A street mural of the Iranian flag in Tehran in October 2017. (AFP via Getty Images)
A street mural of the Iranian flag in Tehran in October 2017. (AFP via Getty Images)
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No Future US Government Can Prevent Iran Oil Exports, Minister Says 

A street mural of the Iranian flag in Tehran in October 2017. (AFP via Getty Images)
A street mural of the Iranian flag in Tehran in October 2017. (AFP via Getty Images)

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.

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Thousands Protest Housing Crunch, High Rents in Barcelona

Demonstrators march to protest the skyrocketing cost of renting an apartment in Barcelona, Spain, Saturday, Nov. 23, 2024. (AP Photo/Emilio Morenatti)
Demonstrators march to protest the skyrocketing cost of renting an apartment in Barcelona, Spain, Saturday, Nov. 23, 2024. (AP Photo/Emilio Morenatti)
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Thousands Protest Housing Crunch, High Rents in Barcelona

Demonstrators march to protest the skyrocketing cost of renting an apartment in Barcelona, Spain, Saturday, Nov. 23, 2024. (AP Photo/Emilio Morenatti)
Demonstrators march to protest the skyrocketing cost of renting an apartment in Barcelona, Spain, Saturday, Nov. 23, 2024. (AP Photo/Emilio Morenatti)

Thousands of Spaniards rallied in downtown Barcelona on Saturday to protest the skyrocketing cost of renting an apartment in the popular tourist destination.
People held up homemade signs in Spanish reading “Fewer apartments for investing and more homes for living,” and “The people without homes uphold their rights.”
The issue has become one of the leading concerns for the southern European Union country, mirroring the housing crunch across many parts of the world.
The average rent for Spain has doubled in the last decade. The price per square meter has risen from 7.2 euros in 2014 to 13 euros this year, according to the popular online real estate website Idealista. The growth is even more acute in cities like Barcelona and Madrid. Incomes meanwhile have failed to keep up, especially for younger people in country with chronically high unemployment.
Protestor Samuel Saintot said he is “frustrated and scared” after being told by the owners of the apartment he has rented for the past 15 years in Barcelona’s city center that he must vacate the premises. He suspects that the owners want him out so they renovate it and boost the price.
“Even looking in a 20- or 30-kilometer radius outside town, I can’t even find anything within the price range I can afford,” he told The Associated Press. “And I consider myself a very fortunate person, because I earn a decent salary. And even in my case, I may be forced to leave town.”
A report by the Bank of Spain indicates that nearly 40% of Spaniards who rent dedicate an average of 40% of their income to paying rents and utilities, compared to the European Union average of 27% of renters in that strained economic circumstance.
“We are talking about a housing emergency. It means people having many difficulties both in accessing and staying in their homes,” said Ignasi Martí, professor for Esade business school and head of its Dignified Housing Observatory.