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Iran Has No Oil on International Waters; US Claim Intended to Lower Prices: Oil Ministry

Summary by PressTV
The Oil Ministry says Iran has no crude oil stored at sea and no excess volumes awaiting release into international markets.

4 Articles

Center

The Iranian Government has stated that it has scarcely any oil reserves or surpluses to export to international markets, at a time marked by the volatility of energy prices due to the war in the Middle East and the blockade of the Strait of Ormuz.

·Barcelona, Spain
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"Currently, Iran has virtually no reserves of crude oil or surplus to supply other international markets," said Iranian oil ministry spokesman Saman Ghodousi on social media.

Iran reported today that there are no excess oil available for international markets, after the Secretary of the United States of America has indicated that sanctions could arise on Iranian cruelness stored in ships.

·Portugal
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Noticias ao Minuto broke the news in Portugal on Friday, March 20, 2026.
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