Friday , July 30 2021

Iran says the oil market is fragile in the face of American pressure on Tehran and Caracas

Stock Photo / Photo REUTERS / Regis Duvignau.

The Iranian islands say on Sunday that the balance between supply and demand on the & # 39; s global market is crumbling because of & # 39; the United States against Tehran and Caracas and tensions in Libya, while the consequences of an increase in oil prices are felt. pressure on your country.

Oil prices have risen more than 30 percent this year, supported by supply hubs led by the Petroleum Exporting Countries Organization (OPEC) and the United States sanctions with Iran and Venezuela, as well as escalation in oil prices. conflict in Libya.

"Oil prices are increasing every day. It turns out that the market is being taken care of," Bijan Zanganeh was quoted as quoting the news agency of Tasnim.

"Venezuela is in trouble. Russia is also under sanctions. Libya is wounded. Some of the production in the United States has stopped. This ensures that the balance between supply and demand is very vulnerable." Zanganeh.

If the United States decides to increase the pressure on Iran, the difficulty will increase in an irreplaceable way. REUTERS

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