{"id":84753,"date":"2018-07-07T20:45:52","date_gmt":"2018-07-07T20:45:52","guid":{"rendered":"https:\/\/www.bnreport.com\/iranian-oil-minister-calls-trumps-order-to-opec-insulting\/"},"modified":"2018-07-07T20:45:52","modified_gmt":"2018-07-07T20:45:52","slug":"iranian-oil-minister-calls-trumps-order-to-opec-insulting","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/iranian-oil-minister-calls-trumps-order-to-opec-insulting\/","title":{"rendered":"Iranian oil minister calls Trump’s order to Opec insulting"},"content":{"rendered":"

LONDON: Iran<\/a>'s oil minister on Saturday accused US President Donald Trump<\/a> of insulting Opec<\/a> by ordering it to increase production and reduce prices, adding Iranian oil production and exports had not changed as a result of US pressure. <\/p>\n

Trump accused on Wednesday the Organization of the Petroleum Exporting Countries of driving fuel prices higher, and urged US allies such as Saudi Arabia<\/a> to pump more if they wanted Washington to continue protecting them against their top foe Iran. <\/p>\n

"Mr Trump sends every day a new message that creates uncertainty in the market," Iranian Oil Minister Bijan Zanganeh said in an interview with state television. <\/p>\n

"Trump's order to Opec members to increase production is a great insult to those governments and nations, and destabilises the market." <\/p>\n

Zanganeh said Iranian oil production and exports had not changed as a result of US pressure. <\/p>\n

Iran, Opec's third-largest producer, is facing US sanctions on its oil exports that are prompting some buyers to cut purchases. <\/p>\n

The United States in May said it was walking away from an international deal on Iran's nuclear programme, and said it would impose fresh sanctions on Iran's energy sector. <\/p>\n

South Korea halted in July all Iranian oil shipments for the first time in six years amid US pressure. <\/p>\n

Iran has threatened to block oil exports through a key Gulf waterway in retaliation for US efforts to reduce Iranian oil sales to zero. <\/p>\n

<\/a><\/strong> <\/a><\/p>\n

Original Article<\/a><\/p>\n

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ET Markets<\/a><\/h5>\n

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