Iran claims it lacks oil surplus for markets
Iran assured on Friday that it has no surplus oil to offer on international markets, after the U.S. Treasury Secretary said Washington is considering lifting sanctions on Iranian crude loaded onto ships at sea. AFP "Iran basically has no surplus crude stored at sea or available to supply to other international markets, and the U.S. Treasury Secretary's statement is solely aimed at giving hope to buyers," wrote Iranian Oil Ministry spokesman Saman Ghoddoosi on X.
TL;DR
- Iran states it has no surplus crude oil for international markets.
- The U.S. Treasury Secretary indicated potential sanctions relief on Iranian oil.
- Iran's Oil Ministry spokesman called the U.S. statement an effort to falsely offer hope to buyers.