Bunkerworld: Consultancy Considers Impact of Sanctions Against Iran

“Sanctions against Iran by the European Union (EU) would be unlikely to have a major impact on global fuel oil markets, according to the independent energy consulting and brokerage company Poten & Partners. ‘We don’t expect a significant impact, considering that Iran’s annual exports are now down to an estimated three million mt per year. Separately, Iranian fuel oil exports typically move to the Eastern Hemisphere and consequently would not be significantly affected by a European embargo.’ Poten & Partners made the assessment in its Fuel Oil Monthly Opinion, published this week.”