According to an initial decision by the Anti-Covid19-Headquarters, foreign citizens are banned from entering Iran for 15 days as of December 25, 2021, but later an amendment was issued excluding those who are entering the country by air.
Brent crude futures snapped a 3-day rally on Friday in light trading before the Christmas holidays, but the benchmark ended the week higher, with the market focusing on next steps by Opec+ and the impact of the Omicron variant.
Countries across Europe considered new curbs on movement on Tuesday while US President Joe Biden appealed to all Americans to get vaccinated to fight the Omicron variant sweeping the world days before the second Christmas of the pandemic.
Oil prices dipped on Friday, putting the market on track for a weekly loss, as surging cases of the Omicron coronavirus variant raised fears new curbs may hit fuel demand, while a weaker dollar supported commodity markets broadly.
Oil prices have continued on to recover from last month’s steep dive amid easing concerns over the Omicron variant.
