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<Commodity>Iran on US Temporary Easing of Oil Sanctions: No Loaded Crude Oil Available for Int'l Mkt
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Iran has issued a response regarding the US easing of sanctions on Iranian crude oil loaded last Friday (20th) and before, Indian media reported. The reports quoted a statement from the Iranian Consulate in Mumbai, saying that Iran currently has virtually no floating or surplus crude oil available for the international market, and that the remarks from the US Treasury Secretary seem intended to reassure buyers and manage market sentiment. Last Friday, the US announced a temporary easing of sanctions on Iranian crude oil and petroleum products until April 19. The sanction easing involves allowing the sale of Iranian crude oil and refined products to the US. AAStocks Financial News |
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