The story: Petroleum Minister Javad Owji says US sanctions on Iran’s oil and gas sectors are partly to blame for the world’s energy crisis—insisting that markets need Iranian energy.
However, for the US sanctions to be lifted, the 2015 nuclear deal needs to be resuscitated. Against this backdrop, some observers charge that the revival of the accord will help offset Russia’s squeeze on the oil market and pave the way for future natural gas exports.
The coverage: Owji stated on June 28 that the global energy market is in “chaos” and predicted that importers would face difficulties in the winter...
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