Live Update 
From the Liveblog of
Friday, March 20, 2026
From the Liveblog of
Friday, March 20, 2026
Iran says it has no oil surplus to offer global markets
Add ToI as a Preferred Source on GoogleIran says it has no surplus crude oil to offer to international markets, after the US treasury secretary revealed Washington could lift sanctions on Iranian oil at sea.
“Currently, Iran basically has no surplus crude oil left on the water or for supply in other international markets, and the US treasury secretary’s statement is solely aimed at giving hope to buyers,” Iranian oil ministry spokesman Saman Ghoddoosi writes on X.
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