Comments by Iran's oil minister Bijan Zanganeh
- Saudis are supplying the market from its own crude storage
Oil has been one of the pressured assets in trading today as Brent is trading 1.4% lower on the day to $82.99 currently. The Iran story remains as the major story in oil markets and traders are digesting the impact of the sanctions from US to hit Iran still.
The latest rhetoric is that it may not be as bad as it seems but in terms of price movement, this feels more like a retracement after the extended move from the story since the start of September.
