KOSUN share: The “COVID-19” has less impact on Iran’s oil supply
After Japan, South Korea, and Italy successively became the severe disaster areas for overseas epidemics, the epidemic situation in Iran, an important OPEC member, has become extremely serious, and even the Iranian vice president has been diagnosed with the infection. Iran is currently the worlds fourth-largest oil-producing country, and at the same time sits the Hormuz Strait, an oil maritime throat. The spread of the new crown epidemic in the country has caused widespread concern in the international community about the oil market. However, the outbreak may not have a major impact on Iran s own oil supply. First of all, due to multiple factors such as the oil blockade, economic sanctions and the chaotic regional security situation, the Iranian economy is currently in a continuous recessio
KOSUN share: The “COVID-19” has less impact on Iran’s oil supply Read More »