US sanctions may significantly disrupt Russian, Iranian oil supply, says IEA

Gas flares from an oil production platform at the Soroush oil fields in the Persian Gulf, south of the capital Tehran
Gas flares from an oil production platform at the Soroush oil fields in the Persian Gulf, south of the capital Tehran

The latest US sanctions targeting Russian and Iranian oil could significantly disrupt Russia's oil supply chains, the International Energy Agency (IEA) said in its monthly report on Wednesday.