Iran says it has no oil surplus to offer global markets

Published March 21, 2026 Updated March 21, 2026 02:09am

Iran has said it has no surplus crude oil to offer to international markets, after the US treasury secretary said Washington could lift sanctions on Iranian oil at sea, reports AFP.

“Currently, Iran basically has no surplus crude oil left on the water or for supply in other international markets, and the US treasury secretary’s statement is solely aimed at giving hope to buyers,” Iranian oil ministry spokesman Saman Ghoddoosi wrote on X.

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