Iran warns curbs on oil exports could destabilise global markets

Iran’s Vice President Mohammad Reza Aref has warned that restrictions on Iranian oil exports could have far-reaching consequences for the global economy, cautioning that the impact would not remain limited to Tehran alone.

In a statement shared on X, Aref said stability in global fuel prices would only be possible if economic and military pressures on Iran’s oil sector were lifted. He stressed that attempts to curb Iran’s exports while expecting uninterrupted energy security for other countries were unrealistic.

The remarks come amid rising tensions over sanctions targeting Iran’s energy industry, a key source of revenue for the country. Aref argued that such measures risk disrupting the balance of global supply and demand, potentially triggering volatility in international oil markets.

He further said the world faced a clear choice: either allow a free and open oil market for all producers or accept the serious economic costs that could follow continued restrictions on Iranian exports.

The statement highlights Tehran’s growing pushback against sanctions, as it seeks to position itself as a critical player in maintaining global energy stability while warning of wider repercussions if its oil trade remains constrained.