Iranian crude oil exports will not fall on probable sanctions

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Source: Commodityonline
© Scanpix/AFP

In case the US impose sanctions against Iranian oil, the level of oil exports of the country will not fall, the US and Europe hope, said Barclays Capital. The demand for crude oil is too strong to be significantly affected by such measures.  The sanctions will result only in oil supply disruptions while Iranian exports will go to Asian countries with constantly growing oil consumption, Barclays Capital added.

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