Iran's ambassador to Australia Ahmad Sadeghi was summoned Friday by the Australian government for the second time in two months after a social media post praising late Hezbollah chief Hassan Nasrallah.
Following Israel's announcement of Hassan Nasrallah's death in an airstrike in Beirut's southern suburbs, Ahmad Sadeghi took to X, referring to him as "a great personality... and an unparalleled leader."
“However, his path in the struggle against the oppression and occupation of the criminal Zionist regime will continue to have many followers," the ambassador wrote last week.
Sadeghi was summoned to meet with Australia's Acting Secretary and Protocol Chief at the Department of Foreign Affairs and Trade, where he was “reminded of his obligation to respect Australian law and avoid interference in domestic matters,” according to The Daily Telegraph.
Prime Minister Anthony Albanese, the opposition, and Jewish organizations condemned Sadeghi’s comments. Albanese stated, "We condemn any support for terrorist organizations like Hezbollah."
In August, Sadeghi referred to Israel as a "Zionist plague" and called for the "wiping out" of Israelis in the "holy lands of Palestine" by 2027, sparking outrage from Australia's opposition leader, Peter Dutton, who called for his immediate expulsion. Dutton said, "The comments by the Iranian ambassador are completely and utterly at odds with what is in our country’s best interest."
His remarks also led to a diplomatic rebuke from Albanese, who labeled the comments as "abhorrent, hateful, and antisemitic."
Also in December, the Australian government condemned Sadeghi after he called for "an end" to Israel, labeling it "the world’s most notorious killing machine." His comments were made following Hamas' attack on Israel on October 7 last year, which led to the deaths of around 1,200 Israelis and foreigners, the worst single-day loss of life since Israel's founding in 1948. More than 240 people were also taken hostage.
"The IDF [Israeli military] is preparing a response to the unprecedented and unlawful Iranian attack on Israeli civilians and Israel," the official, speaking anonymously due to lack of authorization to discuss the matter publicly, told AFP. However, he provided no further details regarding the nature or timing of the potential Israeli retaliation.
Israel’s newspaper Haaretz cited military sources confirming that the planned response would be "significant."
"The IDF is preparing for a significant strike in Iran following this week's missile attack from Tehran," the paper reported. Additionally, Haaretz noted that the military has not ruled out the possibility of further missile launches from Iran after Israel retaliates.
The Iranian missile strike on Tuesday involved around 180 missiles targeting Israel, marking Iran’s second direct assault on Israel in less than six months.
A former IDF spokesperson suggested that Israel’s response could include high-profile targets such as "regime symbols," including the residence of Supreme Leader Ali Khamenei and key Iranian officials. Though these actions carry significant risks, they remain possible options, according to the retired Lt. Colonel Jonathan Conricus. In an episode of the podcast Eye for Iran this week, Conricus, now a senior fellow at the Foundation for Defense of Democracies (FDD), indicated that Israel is likely to retaliate strongly, but many strategic factors will influence the final decision.
Since Iran's attack, unconfirmed reports have surfaced suggesting that the potential successor to the late Hezbollah leader Hassan Nasrallah, killed last week, has been unreachable since Friday, following an Israeli airstrike that allegedly targeted him, according to a Lebanese security source on Saturday.
Meanwhile, Israel’s Channel 12 has reported that Esmail Ghaani, the commander of the IRGC's Quds Force, was likely present and injured in the Israeli strike in southern Beirut aimed at Hashem Safieddine, head of Hezbollah's executive council. Although the hardline website Mehr initially dismissed these reports, the content has since been removed from their site.
Despite rising tensions, Iranian Oil Minister Mohsen Paknejad expressed confidence on Saturday, stating he was "not worried" about a regional conflict, even after reports suggesting an imminent Israeli strike on Iran. Speaking to the ministry’s Shana news site, Paknejad said, "I am not worried about the crises that the enemies of the revolution are creating, and this trip is considered a normal work trip."
Paknejad made these remarks during a visit to Assaluyeh, a major hub for Iran’s exploitation of the world’s largest offshore gas field, which it shares with Qatar in the Persian Gulf.
US officials remain divided on the recommendations they offer Israel regarding potential targets in Iran. President Joe Biden, who initially ruled out endorsing strikes on Iran’s nuclear facilities, later extended this caution to include Iran’s oil infrastructure. This shift in stance has led analysts to speculate that the administration may be signaling a preference for targeting Iran's military bases, steering away from actions that could escalate into broader economic or environmental fallout.
“It appears that his unspoken intentions are more revealing than his words. Suppose oil or nuclear facilities are off-limits as potential targets. In that case, the logical focus will shift to military assets,” Kamran Matin, Senior Lecturer in International Relations at the University of Sussex, told Iran International TV.
“I believe the Biden administration may not only refrain from condemning but could implicitly endorse Israeli strikes on missile bases, production facilities, or even on the leadership and strongholds of the IRGC's Quds Force,” he added.
The Biden administration would prefer no major shock to oil prices four weeks before presidential elections, which could hurt the chances of Vice President Kamala Harris.
Reuters also reported that, according to numerous experts, including over half a dozen former military, intelligence, and diplomatic officials from the US and the Middle East, Israel is less likely to target the oil facilities that form the backbone of Iran's economy or its nuclear sites.
Meanwhile, former President Donald Trump, in an interview with Fox News on Friday, criticized President Biden’s stance, asserting that it was a mistake for the administration to signal that the United States would withhold support for an Israeli strike on Iran’s nuclear program.
The report states that in the first five months of the current Iranian fiscal year (starting March 21), 26% of the projected oil export revenues remain unachieved. By comparison, during the same period last year, half of the budgeted oil export revenues had not been met. However, the Supreme Audit Court did not provide figures in US dollars, and it is not clear what the monetary figure of the shortfall is.
Iran's customs data indicates that in the first five months of the current fiscal year, the country exported $20 billion worth of oil and petroleum products, 45% of which should be allocated to the government budget.
The 26% shortfall in the share of oil revenues allocated to the government budget during the first five months of the current fiscal year persists despite both the volume of oil exports and global prices exceeding the projections in the national budget.
The budget bill for this year anticipated daily exports of 1.35 million barrels of oil and condensates. Furthermore, Iran also exports 240,000 barrels of fuel oil daily, bringing the total daily oil exports to 1.6 million barrels.
The budget also set the price of oil at €65 ($70) per barrel.
Tanker-tracking data reveals that Iran exported at least 1.85 million barrels per day of crude oil, condensates, and petroleum products (including fuel oil) during this period. Additionally, OPEC reports show that the average price of Iranian oil exceeded $80 per barrel. Given these figures, Iran should not only have avoided a shortfall in oil revenues allocated to the budget but should have exceeded its projected revenues by one-third.
The reason for this deficit is attributed to Iran's substantial expenses in bypassing US sanctions, including offering discounts to Chinese buyers.
Additionally, part of Iran’s fuel oil exports is bartered for gasoline, as Iran has faced a gasoline shortage for the past two years.
Data from Kpler, a commodity data company, also shows that during the first five months of the current fiscal year, 50,000 barrels per day of Iranian oil were sent to Syria, a country that has been receiving free oil from Iran for the past decade.
Previously, the government's budget share of oil export revenues was 45.5%. However, with the new government led by Masoud Pezeshkian and a request for help from the supreme leader Ali Khamenei to cover the budget deficit, it was decided recently that the National Development Fund's share of oil export revenues would be halved to 20%, while the government’s share would increase to 65.5%.
Additionally, 14.5% of oil revenues are allocated to the National Iranian Oil Company (NIOC).
Iran’s Oil Exports
According to the annual report of the Organization of the Petroleum Exporting Countries (OPEC), Iran’s oil export revenues reached about $72 billion after the 2015 nuclear deal (JCPOA). However, following the US withdrawal from the agreement, this figure fell below $8 billion in 2020.
With the election of Joe Biden as US president, Iran’s oil export revenues have increased annually, surpassing $41 billion in 2023, without considering oil discounts and the costs of circumventing sanctions.
However, Iran's customs statistics reported oil export revenues of $35.87 billion for the previous Iranian year, revealing that over $5 billion was lost in the process of bypassing sanctions. Additionally, Iranian customs reported that oil export revenues for the first half of the current fiscal year totaled just over $23 billion. Yet, given the export of 1.85 million barrels per day and an average price of $80 per barrel, revenues should have exceeded $27.5 billion during that period.
OPEC statistics show that the total volume of Iran's crude oil, condensates, and petroleum products exports last year averaged about 1.73 million barrels per day, which is two and a half times higher than when Joe Biden took office.
This figure, before US sanctions imposed in 2018, was around 2.5 million barrels per day.
