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According to the IEA, US sanctions against Iran may cause a strain on oil supplies

 Last Update: 2022-11-26
 Source: Internet
 Author: User

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After the United States announced sanctions against Iran, the International Energy Agency (IEA) released its latest report
, including oil export data.

The Paris-based group said on Friday that "maintaining a conventional global supply of crude oil will be very challenging due to the entry into force of oil sanctions on Iran, coupled with various production problems in other oil producers," adding that "as a result, the market outlook may be far less calm
than it is today.
" ”

Brent crude traded near $71.
43 on Friday morning, down about 0.
9 percent, while West Texas Intermediate (WTI) was down more than 0.
6 percent
at $66.
40.

The first wave of U.
S.
sanctions on Iran went into effect on Tuesday, and the Iranian government is no longer allowed to buy dollars and gold, as well as export carpets, food and other goods
to the United States.

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After the United States announced sanctions against Iran, the International Energy Agency (IEA) released its latest report
, including oil export data.

petroleum

Brent crude traded near $71.
43 on Friday morning, down about 0.
9 percent, while West Texas Intermediate (WTI) was down more than 0.
6 percent
at $66.
40.

123Next View full article

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