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Iran’s oil ban will create crisis: IAEA

Iran’s oil ban will create crisis: IAEA
11 Aug
11:19

The International Atomic Energy Agency (IAEA) has alerted the impact of anti-Iran sanctions on international supply of oil in its latest report report.

According to Roitgers, International Atomic Energy Agency (IAEA) announced in its report that if Iranian oil was banned, there would be a crisis in demand and supply of oil at international level.

The International Atomic Energy Agency (IAEA) has given this alert in such a situation that the United States has banned Iran again since August 7 and has announced the ban on Iranian oil since the beginning of November.

The International Atomic Energy Agency has already warned that if Iranian oil is banned, then there will be adverse effects on the international market.

Independent commentators also say that other countries producing oil are not able to meet the shortage of Iranian oil in the international market and the reduction in the supply of Iranian oil will also cause a tremendous dilemma for the international market.

On the other hand, the US oil company has failed to stop importing oil from Iran. China and India, two major importers of oil, have announced that they will not implement sanctions against Tehran.

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