February 04, 2022 18:55

Oil Minister: Iran Comeback to Cut Oil Prices

The current energy crisis in Europe and other parts of the world will not be defused unless major producers like Iran increase their supplies

The National Iranian Oil Company is ready to return to the global crude oil market as quickly as possible, the oil minister said.
“International market needs more Iranian oil, which can help push down high prices,” Javad Owji was also quoted as saying by the Oil Ministry’s news portal.
Oil prices rose on Friday and Brent crude surpassed $91 per barrel. WTI crude increased by 52 cents to $90 a barrel, heading for its seventh straight weekly gain.

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