Oil sector could become early test of US-Iran accord, minister says
Iran's oil industry will serve as a major test of any future agreement between Tehran and Washington, Iraninan oil minister Mohsen Paknejad has said.
According to the ministry's Shana news agency, Paknejad said that the sector would demonstrate whether Western countries remain committed to the spirit of a final peace agreement should one be reached.
Paknejad said Iran's oil industry could offer significant investment opportunities to the global economy in a post-agreement environment.
He added that the country has hundreds of investment projects as well as technical and operational partnership contracts ready to be signed, suggesting the energy sector could become a central area of cooperation if diplomatic progress continues.
Container ships are docked at Khor Fakkan Container Terminal on the Gulf of Oman in Sharjah, UAE, 19 June 2026 (AFP)
