Inicio NOTICIAS US says oil market could cope with more Iran export cuts

US says oil market could cope with more Iran export cuts

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Itongadol.- US Energy Secretary Ernest Moniz said on Sunday he believed the oil market would be able to cope with any further reduction of Iran\’s oil exports from the tightening of sanctions on Tehran over its nuclear programme.
Iranian crude exports are not now a "dominant player in the market", and there is increased production in the United States and in Iraq as well as substantial reserve capacity in some OPEC producers, Moniz said in an interview.
"So I would think that with further sanctions, the markets could be quite resilient to that," Moniz said while in Vienna to attend a nuclear security conference.
A group of five or six Slovak hang-glider enthusiasts has been detained in Iran on suspicion of espionage, the Slovak news website www.sme.sk said on Friday.
The Slovak foreign ministry said it knew of the case but refused to confirm any details or the number of detainees. There was no immediate comment from Iranian authorities.
"We are aware of this case and I assure you that we are taking all necessary steps," Slovak foreign ministry spokesman Boris Gandel said. "There has been no decision on this so far."
Sme.sk said the group had traveled to Iran in late May for a "planned expedition" and were detained some three weeks ago.
They were accused of taking photographs, including of military installations, from a hang glider, sme.sk said.

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