TEHRAN -- Minister of Petroleum Javad Owji said Wednesday Iran is ready o supply more oil to the global markets amid concerns that crude prices could rise as high as $100 barrels.
Owji said that Iran will be ready to immediately increase its supply of oil to the global markets if American sanctions are lifted from the country. Oil prices have rallied to up to around $90 per barrel amid rising demand in major economies after the easing of coronavirus restrictions.