Iran’s ForeignMin Zarif: Iran will continue its oil exports under any conditions
|According to a statement on the Iranian foreign ministry website late-Saturday, Iran’s Foreign Minister Mohammad Javad Zarif told his British counterpart Jeremy Hunt in a telephonic conversation that Iran will continue its oil exports under any conditions, Reuters reports.
Zarif urged that the UK should quickly release the Grace 1 oil tanker, which was seized last week by British Royal Marines off the coast of the British Mediterranean territory of Gibraltar
In response to Zarif’s demand, Hunt tweeted: “Britain would facilitate the release of the tanker if Tehran gave guarantees it would not go to Syria.”
Oil bulls could turn cautious amid the headlines that Iran would continue with its oil exports. This could prompt a correction in both crude benchmarks that sit at seven-week highs.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.