If Europe were to decide to ban imports of crude oil from Iran, it would have a limited impact on the Iranian oil industry, says David Fyfe, head of oil markets at the International Energy Agency.
If
Europe
were to decide to ban imports of crude oil from
Iran
, it would
have a limited impact on the Iranian oil industry, says David Fyfe, head of oil
markets at the International Energy Agency. "We would expect a European
embargo...might initially result in more Iranian crude sales into
Asia
,"
he says. If an embargo was only adopted by a limited number of countries, it is
also unlikely to further harm investment in
Iran
's
already-shrinking oil industry, he says.
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