![\"Iranian](\"https:\/\/www.thetruthseeker.co.uk\/wp-content\/uploads\/2012\/05\/Iranian-oil-exports-to-China-increase.jpg\")
<\/a><\/p>\nOn Monday, November 5th, the new US sanctions against Iran take effect. Sputnik discussed the sanctions’ implications for Tehran with Iranian economic experts.<\/span><\/p>\n Seyyed Saeed Mirtorabi Hosseini, an Iranian oil and gas analyst from\u00a0Kharazmi University, told Sputnik that the United States will won’t able to\u00a0achieve its goals and bring Iranian oil export to\u00a0a complete halt since\u00a0the main importers of\u00a0Iranian “black gold” have stated that they will continue cooperation with\u00a0Iran:<\/span><\/p>\n “As for\u00a0oil, the United States has already taken the first steps, held talks with\u00a0some importers of\u00a0Iranian oil and tried to\u00a0make these countries either reduce or stop buying oil from\u00a0Iran. However, the reality is that the United States will not be able to\u00a0reduce the sales of\u00a0Iranian oil to\u00a0zero, since\u00a0India, China, Japan and a number of\u00a0European countries made it clear that they are not going to\u00a0stop buying oil from\u00a0Iran. China has not reduced purchases, only Japan has reduced imports of\u00a0Iranian oil, but\u00a0then Japan still hasn’t made up\u00a0its mind.”<\/span><\/p>\n Mirtorabi believes that if the decline in\u00a0exports from\u00a0Iran is 1 million barrels per day, then this reduction will be compensated by unofficial sales by\u00a0the Iranian government<\/a><\/strong><\/span>:<\/span><\/p>\n “Probably, oil purchases will fall by\u00a01-1.5 million barrels per day. This reduction could affect the economy, as\u00a0well as\u00a0put psychological pressure on\u00a0Iran. However, one must keep in\u00a0mind that the Iranian government has stated that it will continue to\u00a0sell oil in\u00a0different ways. Of course, there is no need to\u00a0voice publicly your plans. Iran already has experience and can sell significant amounts of\u00a0oil in\u00a0unofficial ways.”<\/span><\/p>\n According to\u00a0Mirtorabi, there will be difficulties with\u00a0financial estimates. However, despite\u00a0this, the analyst believes that the new US sanctions will not be strongly felt.<\/span><\/p>\n Dr Peyman Molavi from\u00a0the Iranian Economic Association, noting that a number of\u00a0sanctions have already been introduced, said that the new US sanctions would be more symbolic. Dr Molavi believes that the banking sector will be the first to\u00a0feel a significant negative effect from\u00a0the sanctions, but\u00a0in the future Iran, using circumvention mechanisms will be able to\u00a0circumvent this barrier.<\/span><\/p>\n