Iran has warned that continued restrictions on its oil exports could have far-reaching consequences for global energy markets.
Iran’s Vice President, Mohammad Reza Aref, said the impact of sanctions on Iranian oil exports may not remain limited to the country alone but could affect fuel prices worldwide. In a statement shared on X, he stressed that global price stability depends on easing economic and military pressure on Iran’s energy sector.
He noted that maintaining stable fuel prices at the international level would be difficult if Iran’s oil exports continue to face restrictions. According to him, limiting Iran’s role in the global oil market while expecting uninterrupted security and stability for other countries is not a realistic approach.
The vice president further highlighted that the global community is left with only two choices. One option, he said, is to ensure a free and open oil market for all countries without restrictions. The second option is to accept the serious economic consequences that could arise from continued sanctions and supply limitations.
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Energy experts believe that any disruption in oil supply from major producers like Iran can create volatility in global markets. Reduced supply often leads to price fluctuations, affecting both developed and developing economies.
The statement comes at a time when global energy markets are already facing uncertainty due to geopolitical tensions and supply chain concerns, raising fears of further instability if restrictions persist.