Biden: Oil volume on world market allows to reduce purchases from Iran

The US administration believes that the volume of oil supplies to world markets continues to painlessly reduce oil purchases from Iran by other countries, Report informs that this is stated in a memorandum signed by US President Joe Biden.

The document notes that the American leader, on the basis of the information provided to him, came to the conclusion that "there is a sufficient supply of oil and oil products from countries other than Iran," allowing to ensure a "significant reduction" in the volume of fuel purchases from Tehran "by foreign financial institutions or through such".

"I will continue to closely monitor this situation," says the memorandum sent to US Secretary of State Antony Blinken, Treasury Secretary Janet Yellen, and Energy Secretary Jennifer Granholm.