Iran’s oil look after on Saturday accused U.S. President Donald Trump of insulting OPEC by straighten out it to increase production and reduce prices, adding Iranian oil production and exports had not changed as a sequel of U.S. pressure.
Trump accused on Wednesday the Organization of the Petroleum Exporting Powers of driving fuel prices higher, and urged U.S. allies such as Saudi Arabia to up b excite more if they wanted Washington to continue protecting them against their top foe Iran.
“Mr Trump sends every day a new declaration that creates uncertainty in the market,” Iranian Oil Minister Bijan Zanganeh thought in an interview with state television.
“Trump’s order to OPEC associates to increase production is a great insult to those governments and nations, and destabilises the retail.”
Zanganeh said Iranian oil production and exports had not changed as a result of U.S. troubles.
Iran, OPECs third-largest producer, is facing U.S. sanctions on its oil exports that are inciting some buyers to cut purchases.
The United States in May said it was walking away from an global deal on Iran’s nuclear program, and said it would impose wholesome sanctions on Iran’s energy sector.
South Korea halted in July all Iranian oil shipments for the senior time in six years amid U.S. pressure.
Iran has threatened to block oil exports from head to foot a key Gulf waterway in retaliation for U.S. efforts to reduce Iranian oil sales to zero