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Surplus capacity limits impact of sanctions on oil prices, IEA says
Reutersยท 2025-10-28 04:25
Core Insights - Sanctions on oil-exporting countries may lead to an increase in crude oil prices, but the impact will be limited due to surplus capacity in the market [1] Group 1 - The International Energy Agency (IEA) Executive Director Fatih Birol highlighted that while sanctions could affect prices, the existing surplus capacity will mitigate significant price hikes [1]