Sinopec (0338 HK) VP says there is not much Russian oil available under the waiver and are evaluating risks of buying Iranian oil

Sinopec (0338 HK) VP says there is not much Russian oil available under the waiver and are evaluating risks of buying Iranian oil.

The comments from Sinopec's VP indicate potential supply constraints in the energy market, particularly regarding Russian oil under current waivers. This assessment may lead to increased scrutiny over Iranian oil acquisitions, impacting global energy prices and creating ripples in forex markets, particularly within commodity-linked currencies and safe havens. The broader implications could further influence market sentiment towards energy stocks and commodities as geopolitical risks evolve.