MCX Crude Oil Ready For New Ultimate Target ₹5120 — ₹5220 Very Very Soon – Neal Bhai Reports
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Tehran: Taking Iran’s Oil Out Of The Market Is ‘Impossible’
The removal of Iranian oil exports from the global market by November, as the U.S. has asked from its allies, is impossible, an oil official in Iran told the semi-official news agency Tasnim on Wednesday.
“Iran exports a total of 2.5 million barrels per day of crude and condensate and eliminating it easily and in a period of a few months is impossible,” the Iranian official was quoted as saying.
Read More: MCX Crude Bole Boom Boom Neal Bhai Hit Seller Pit – Neal Bhai Reports
Earlier this week, the U.S. asked its allies to cut oil imports from Iran to “zero” by early November when the U.S. sanctions on Tehran return, causing oil prices to rise on expectations that more Iranian barrels could be taken off the market than expected as the U.S. Administration looks determined to choke off as much Iranian oil exports as possible.
Read More: Crude, Zinc and Aluminium Fire, I Told You Buy 100–500 Lots and So Jaao Dekho Sare Seller Saaf
“The U.S. is continuing its decision to completely isolate Iran,” Gene McGillian, vice president of market research at Tradition Energy – Neal Bhai Reports (NBR)
