Iran’s oil industry has been falling behind because of the U.S. sanctions, but Tehran will resist, Iranian media quoted Oil Minister Bijan Zanganeh as saying on Tuesday. “The conditions in Iran are in a way that once every few years the oil industry receives a deadly blow and the economic sanctions can be considered one of those,” Zanganeh said, as carried by the semi-official Mehr news agency. “This has caused Iran’s oil industry to fall behind from the international position and space but we will resist in this area,” Zanganeh added, according to the agency. The U.S. sanctions on Iran’s oil industry and exports have significantly cut Iranian oil exports, as the United States ended in May all waivers for all of Iran’s oil buyers and is going after anyone dealing with Iranian oil. Iran continues to export oil, especially to China, but it has drastically increased the secrecy […]