Iran's oil exports have reached their highest level in the last 6 years and despite the unilateral sanctions of the West, it has boosted the country's economy by 35 billion dollars per year.
The United States signed two agreements with Iraq to help reduce polluting and gas-wasting flaring and reduce dependence on energy imports from Iran.
A member of the Energy Commission of the Chamber of Commerce said: If we allow people to buy crude oil or invest in oil projects.
The US Energy Information Administration announced an increase of 630,000 barrels of daily Iranian oil production over the past year and 3,250,000 barrels of oil production in the third month of 2024.
The head of the Program and Budget Organization said: "The enemy tried very hard to restrict the oil market for Iran, of course, they increased their efforts and we saw that the oil export embargo was ineffective, and today we do not have oil on ships and water, and the buyer is clear."
An energy expert said: If the strait of Hormuz is closed, it will increase the price of oil, so that the blocking of this route, even if it is for a few days, will increase the price of oil by 30-40%.
Despite the recent developments in the Middle East, which raised the concern of Asian buyers about the possibility of disruption of Middle East oil supply, independent Chinese refineries continued to buy Iranian oil.
Ali Asghar Zargar said: If Iran decides to disrupt the movement of oil ships in the Strait of Hormuz, there is no doubt that it will affect the price of oil even in the short term.
Israeli media claimed that an Israeli oil tanker was seized in the Strait of Hormuz.
The Israeli army announced: We are on high alert and have increased our readiness to protect Israel against Iran's attack. We are prepared for all scenarios and will take the necessary measures with our allies to protect Israelis.
