Iran's oil minister said on Sunday that U.S. sanctions on Iran and Venezuel...
LONDON - Iran’s oil minister said on Sunday that U.S. sanctions on Iran and Venezuela and tensions in Libya have made the supply-demand balance in the global oil market fragile, and warned of consequences for increasing pressures on Tehran.
“Oil prices are increasing every day. That shows the market is worried,” Bijan Zanganeh was quoted as saying by Tasnim news agency. Zanganeh said one of the consequences of pressure on Iran was a rise in fuel prices in the United States.
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