Tehran, Iran, Oct. 27
Trend:
The political and economic relations in the Middle East and the economic interactions of the countries minimize the impact of the sanctions on Iran, Abdol Samad Rahmati, an oil analyst, told Trend.
“On the other hand, following the green light of the EU leaders to preserve the interest of European companies seeking to invest in Iran and its efforts to protect the JCPOA, the US unilateral efforts have been neutralized,” he said.
“The EU guarantee to purchase one million barrels of Iranian oil will encourage other countries to buy Iran's oil.”
Referring to re-imposing sanctions on oil exports from Iran on Nov. 4, he said the nature of sanctions and related penalties have not been determined yet.
"During the 2012 multilateral sanctions, the types of penalties and durability of sanctions were announced, while the new rounds of unilateral sanctions have created some kind of fear in the market by creating ambiguity over the issue."
"Libyan outages along with Venezuelan production decline and sanctions on Iran can leave almost no or very little spare capacity in the world. Therefore, it can easily be assumed that it will be hard to replace Iran's oil," he said.
"In such a situation, both buyers and sellers will oppose the US unilateral sanctions.”
