Iran Says Oil Market Will Suffer If Its Exports Disrupted
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Any disruptions to Iran’s oil exports would create “severe problems” for the global crude market, Oil Minister Rostam Qasemi said in an interview broadcast by Al Jazeera television.
Iran will seek a “fair price” for crude when the Organization of Petroleum Exporting Countries meets next on Dec. 14, Qasemi said, adding that the global market for crude does not face a shortage.