Iran opens oil terminal to bypass strategic Strait of Hormuz

Opening the oil terminal in Gulf of Oman shows the failure of US sanctions, Iranian President Hassan Rouhani said.

Outgoing President Hassan Rouhani has said Iran opened its first oil terminal in the Gulf of Oman, a move that will allow it to avoid using the Strait of Hormuz shipping route that has been a focus of regional tension for decades. “This is a strategic move and an important step for Iran. It will secure the continuation of our oil exports,” Rouhani said in a televised speech on Thursday. “We had a terminal and if there was a problem, our oil exports would be cut off,” Rouhani acknowledged, adding that “today is a great historic day for the Iranian nation”.