Iran says U.S. sanctions on its oil industry will damage market stability

FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo

“These sanctions are an example of America’s bullying reaction in trying to change the balance of power in the world,” Amir Hossein Zamaninia, a deputy oil minister, said in a report carried by the oil ministry’s news website SHANA. The United States demanded last Monday that buyers of Iranian oil stop purchases by May 1 or face sanctions, ending six months of waivers which allowed Iran’s eight biggest buyers, most of them in Asia, to continue importing limited volumes.

USA is like the playground bully - all countries must unite & just ignore these illegal unilateral sanctions! What can the AmericanTerrorist do? Stop trading & sever ties with everyone, attack everyone? Fearful compliance will only embolden the US. UN WTO BoycottUSA

USA is acting like the playground bully - if all countries unite & just ignore these illegal unilateral sanctions, what can the AmericanTerrorist do? Stop trading & sever ties with everyone, attack everyone? Fearful compliance will only embolden the US. UN WTO BoycottUSA

Thanks Trump Thanks Pompeo Thanks Bolton🇺🇸🌹😁

As if the markets care to Iran’s views re the impact of US sanctions on global oil prices. If Iran was talking about nuclear proliferation, global terrorists’ networks or narco-trafficking on a worldwide basis, then the world would listen. That’s a subject which Iran dominates

Dream on

Yay!

We have no right to sanction Iranian oil. We are not the Kingdom of the United States. Sanctions only do damage to the most vulnerable. Is this what we want? If so, we have lost our soul.

We dont care what they say

Since the price of gas is sky high right now, which is annoying as hell, seems they're right.

really its just so russia can sell more oil with iran sanctions in place

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Trump's crackdown on Iran leaves the oil market vulnerable to price spikesGlobal oil supplies are already tight. A hardline U.S. policy is leaving the market with little cushion to address output disruptions. As intended it looks like Trump's crackdown on Iran will be supported by other oil producers and the market will settle out. Are you working on more FakeNews ?
Source: CNBC - 🏆 12. / 72 Read more »