Mohammad Ali Khatibi also slammed the decision of the International Energy Agency to release its oil reserves as a political move. He said the body’s decision in releasing its strategic crude oil reserves was an interference in the international market which could leave sustainable impacts on the global oil market. The official pointed out that the US, too, had once released its strategic reserves to the oil market because of certain critical conditions. Raising questions about the real motivations behind such a decision, he stressed that there were no similar conditions prevailing the oil market at present. Khatibi termed as a very dangerous game the decision by the International Energy Agency because he believed as such “there will be no demands remaining for oil in the market.” Furthermore, he added, this is the first time the International Energy Agency and the US are releasing their strategic reserves to the market with the objective of lowering prices.

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