Expectations from the proposed oil minister should be accompanied by a realistic look at solving major challenges such as disagreements and the need for large investments. Certainly, the success of the oil minister, who plays a key role in the economy, directly depends on the coordination and cooperation with other ministers, taking into account the economic and social conditions.
The hardworking personnel of the pipeline repair unit of Arundan Oil and Gas Company are working in the heat of over 50 degrees in Khuzestan.
While the forecast of OPEC and other reputable global institutions report a decrease in oil demand from China, Iran's oil sanctions are still in place. Forecasts indicate that if China's demand continues to decrease, oil purchases will also decrease, and this is a threat to Iran's oil revenues.
OPEC's latest monthly report showed that Iranian heavy oil prices rose in July, halting the decline seen in the previous two months.
Iran is one of the countries that was subjected to the most cruel sanctions by the countries of the world. But according to NDTV, the restrictions imposed by the United States have largely failed to prevent the export of Iranian oil, which is considered one of the main pillars of Tehran's economy.
Citing shipping sources and data, Reuters claimed in a report that Iran has found new buyers for its crude oil and that the country's oil shipments have been sent to Oman and Bangladesh.
The decrease in Iran's oil exports from more than 2 million barrels to 1 million barrels per day and the drop in the price of 19 dollars, the nascent government of the doctors will face a serious challenge of funding.
Venezuela, having the world's largest proven oil reserves, is under US sanctions, resulting in difficult economic conditions. Of course, since last year, the Biden government reduced some of these oil sanctions on the condition of holding free elections. Now and after the recent events, there is a possibility that the Biden administration, fearing the increase in oil prices, instead of sanctioning this sector, will resort to sanctions similar to Iran, i.e. individuals and governmental institutions.
An energy expert said: Now, one third of the oil consumed in the world passes through the Strait of Hormuz and the Persian Gulf. If this strait has a problem, they will not be able to supply this shortage easily, so the price of oil will rise.
The public relations of the third region of the IRGC Navy announced in an announcement that a tanker carrying more than 700,000 liters of smuggled oil with the flag of Togo and 9 crew members was seized in the northern waters of the Persian Gulf by the fighters of this region.
