The Iranian president urges its members to unite after Trump launches a “maximum pressure” sanctions campaign again.
Iranian President Masudo Pezeshkian tells OPEC members to unite against possible US sanctions on major oil producers after US President Donald Trump said he would try to drive Tehran’s oil exports to zero I urged it.
Pezeshkian commented at a meeting with Executive Director Haytham Al-Gays the day after Trump signed an executive order calling for a “maximum pressure” sanctions campaign in Iran.
OPEC’s X account on Wednesday showed Al-Ghais on a visit to Iran, which is envisaged for this year’s revolving OPEC presidency.
“I believe that if OPEC members are united and working together, the US cannot sanction one of them and put pressure on them,” Pezeshkian said at a meeting with Al-Gays, according to Iranian national media. Ta.
Iran’s crude oil exports currently amount to around 1.5 million barrels per day (BPD), with the majority going to China. Such volume losses amount to about 1.4% of the total global supply, but are important in the market.
Pezeschkian also decided on a strategy to counter US sanctions and maintain economic stability seeking independence and regional cooperation.
“They believe everything we have is dependent on oil and they want to stop exporting our oil, but there are many ways to neutralize our goals. “Using it, you can solve your own problems, interact with your neighbors and provide the right platform. A dignified life for the people of our country,” he said. .
“Make the oil and energy markets unstable”
Trump imposed a “maximum pressure” campaign on Iran during his first term after withdrawing from the joint comprehensive action plan agreement. Under the contract, Tehran, which was attacked under the control of former US President Barack Obama, will cut its nuclear program in exchange for sanctions relief.
Trump’s actions from 2017 to 2021 saw a sharp decline in Iran’s oil exports to just 200,000 bpd in the months of 2020. In 2018, OPEC and its allies agreed to boost supply after Trump urged producers to offset the losses caused by Iran’s sanctions.
Iran’s oil exports rose to its highest since 2018 during President Joe Biden’s term, despite continuing to impose US sanctions.
Iran’s minister of oil Mohsen Paknejad also told Al-Gais that impose unilateral sanctions on crude producers would destabilize the energy market, Shana News reported on Wednesday.
“Depoliticizing the oil market is an important issue for energy security. Impacting unilateral sanctions on major oil producers and putting pressure on OPEC will have the potential to bring consumers around the world to the world. It hurts and destabilizes the oil and energy markets,” said Paknejad.
Paknejad also told state TV that Tehran has prepared a strategy for any situation regarding US sanctions.
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