According to American authorities, including these volumes in the market should help increase global energy supplies and ease the pressure on supply caused by events in the Strait of Hormuz. Previously, the main buyers of this oil were Chinese refiners, who purchased it at reduced prices, Reuters reports.
Washington emphasizes that this measure is viewed as a temporary step to curb rising oil prices amid the ongoing conflict. This is already the third such easing introduced in recent weeks aimed at stabilizing the energy market.
The Iranian side, for its part, has denied the U.S. statement. According to Reuters, a representative of the Iranian Ministry of Oil stated that the country has no oil reserves "at sea or to supply international markets," and characterized the actions of the American side as an attempt to "instill hope in buyers."
