TEHRAN- Iran’s oil minister announced that the attack by America and Israel on the oil depots in Tehran and Karaj has not disrupted the country's fuel supply process and emphasized: "With the measures taken, the sustainable fuel supply continues without interruption, but to overcome the problems caused by these attacks, we need more cooperation from the people."
TEHRAN- British bank Barclays has predicted that continued tensions in the West Asia could push Brent crude oil prices to $150 per barrel within the next month.
TEHRAN- Goldman Sachs said oil prices are likely to exceed $100 per barrel next week if no signs of a solution emerge to the severe disruption in flows through the Strait of Hormuz, warning that upside risks to its basecase forecast are rapidly growing further, Reuters reported on Saturday.
TEHRAN - The head of the Energy Optimization and Strategic Management Organization, referring to concerns regarding fuel and commodity shortages, said: “With the planning that has been done and the reserves that have been anticipated, we have no shortages.”
