Ministry of Oil of the Islamic Republic of Iran spokesman, "Iran does not have crude oil left on the water or surplus for supply in the international markets", Iran International reports
Importance
Level 1
- The spokesman of the Ministry of Oil of the Islamic Republic of Iran, in response US Treasury Secretary Bessent, says "Iran does not have crude oil left on the water or surplus for supply in the international markets, and these statements are an attempt to give hope to buyers and psychologically control the market."
- The US Treasury Secretary said that Washington may lift the embargo on Iran's "on water" oil, which has been suspended on tankers, in the coming days to help increase global supply and lower prices. He said that the volume of this oil is about 140 million barrels and its release can contribute to the stability of the global energy market.
#UNITED STATES#USD#EUR#IRAN#JAPAN#JPY#UNITED KINGDOM#GBP#EUROPE#GEOPOLITICAL#FOREX#ENERGY#METALS#US SESSION#WTI#BRENT#COMMODITIES#GOLD#METALS & MINING#MATERIALS (GROUP)#DXY#ENERGY & POWER