Tehran (EFE).- Iran warned that the price of oil cannot be reduced through artificial measures and that, due to the pressure in the Strait of Hormuz, it could be anticipated that the price of a barrel may reach 200 dollars. Ebrahim Zolfagari, spokesperson for the Central Headquarters of Khatam al-Anbia, stated that they will not allow a litre of oil to pass through the Strait of Hormuz in favour of the United States, Israel, or their allies. Members of the G7 agreed that the International Energy Agency needs to implement actions to address the energy market situation, where oil and gas prices have risen. The IEA regulations indicate that all member countries must maintain reserves equivalent to 90 days of imports to face extraordinary situations. If these conditions are not met, the agency’s strategic oil reserves may be used to deal with crises.
