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Iran calls for OPEC to unite agetst potential US oil sanctions | OPEC News


Iran calls for OPEC to unite agetst potential US oil sanctions | OPEC News


Iran’s Pdwellnt Masoud Pezeshkian encouraged OPEC members to unite agetst possible US sanctions on the presentant oil producer after US Pdwellnt Donald Trump shelp he would seek to drive Tehran’s oil send outs to zero.

Pezeshkian made the comments at a greeting with OPEC Secretary-General Haitham al-Ghais, a day after Trump signed an executive order calling for a “peak presconfident” sanctions campaign on Iran, which he says aims to stop Tehran from geting a nuclear firearm.

OPEC’s X account on Wednesday showed al-Ghais on a visit to Iran, which supposes the rotating OPEC pdwellncy this year.

“I depend if OPEC members are united and toil together, the US would not be able to sanction and presconfident one of them,” Pezeshkian shelp at the greeting with al-Ghais, according to Iranian state media.

Iranian cimpolite oil send outs currently stand at about 1.5 million barrels per day (bpd) with the presentantity going to China. The loss of such a volume, identical to about 1.4 percent of total world provide, would be meaningful for labelets.

Pezeshkian also lhelp out strategies to counter US sanctions and protect economic stability calling for self-reliance and regional cooperation.

“They skinnyk that everyskinnyg we have depfinishs on oil and they want to stop our oil send outs, while there are many ways to unprejudicedise their goals, which we can engage to settle our own problems and participate with our neighbours and provide a appropriate platestablish for a dignified life for the people of our country,” he shelp.

‘Destabilise oil and energy labelets’

Trump first imposed the “peak presconfident” campaign on Iran during his first term after disparticipateing from the Joint Comprehensive Plan of Action consentment. Under the deal, struck under the administration of establisher US Pdwellnt Barack Obama, Tehran would curtail its nuclear programme in exalter for sanctions relief.

Trump’s actions from 2017 to 2021 saw a acute drop in Iranian oil send outs to as little as 200,000 bpd in some months of 2020. In 2018, OPEC and allies consentd to increase provide after Trump encouraged producers to offset losses caengaged by the sanctions on Iran.

Iran’s oil send outs rose to the highest since 2018 during the term of Pdwellnt Joe Biden, despite persistd US sanctions.

Iran’s Oil Minister Mohsen Paknejad also tgreater al-Ghais imposing uniprocrastinateedral sanctions on cimpolite producers would destabilise energy labelets, the SHANA novels outlet alerted on Wednesday.

“Depoliticising the oil labelet is a vital rerent for energy security. Imposing uniprocrastinateedral sanctions agetst presentant oil producers and putting presconfident on OPEC will destabilise oil and energy labelets as well as harm devourrs around the world,” Paknejad shelp.

Paknejad also tgreater state TV that Tehran had setd strategies for any situation think abouting US sanctions.

 

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