Iran's Bold Response to Oil Sale Waivers: Will Global Crude Prices Skyrocket?

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Iran Rejects Oil Supply Boost, Global Crude Prices Face Volatility

ईरान ने अमेरिका की तेल बेचने की छूट पर कहा कि उसके पास दुनिया को बेचने के लिए तेल नहीं है. (Image:AI)

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News18•21-03-2026, 16:31

Iran Rejects Oil Supply Boost, Global Crude Prices Face Volatility

•Iran states it has no additional crude oil for the international market, dashing hopes for increased supply.
•This response comes after US indications of potential sanction relief to boost oil supply.
•Iran's consulate in Mumbai clarified that the country lacks immediate additional oil reserves.
•US granted limited waiver until April 19 for Iranian oil loaded by March 20, but new purchases are banned.
•Brent crude prices neared $120 amid West Asia tensions and Strait of Hormuz concerns, impacting Asian importers like India.

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