SHANA. Iran's Petroleum Minister Bijan Namdar Zanganeh said on Tuesday that the United States will not impose embargo on Russia's oil because of its repercussions on the market.
"The world oil market cannot deal with the [repercussions of the] elimination of [Russia's] oil if Russia is slapped with sanctions, and banning this country's oil is impossible," Zanganeh told Shana.
"Such a thing is impossible to happen because the market cannot tolerate the elimination of Russia's oil," he said.
"It would be very unlikely that the US would be able to…
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U.S. DT - the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated six Russian individuals and eight entities in response to Russia’s continued and ongoing aggression in Ukraine.
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