Mehdi Moslahi, an expert on the oil market, referring to a surplus of approximately two million barrels of oil supply, said that the Persian Gulf countries were able to continue their exports through the Strait of Hormuz and through alternative routes.

Mehdi Moslahi, an expert on the oil market, referring to a surplus of approximately two million barrels of oil supply, said that the Persian Gulf countries were able to continue their exports through the Strait of Hormuz and through alternative routes.

He added that this trend is contrary to what officials in the Islamic Republic said that if Iran cannot sell oil, neither can other countries in the region.