💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Saudi Arabia welcomes U.S. move to end all Iran sanction waivers

Published 04/23/2019, 04:58 AM
Updated 04/23/2019, 05:00 AM
© Reuters. FILE PHOTO:  Saudi Arabia's Foreign Minister Ibrahim al-Assaf attends a preparatory meeting between Arab foreign ministers ahead of the Arab summit in Tunis

DUBAI (Reuters) - Saudi Arabia's foreign minister on Tuesday welcomed a U.S. decision to end all Iran sanction waivers by May, saying it was a necessary step to halt Tehran's "destabilizing" policy in the region.

"Saudi Arabia fully supports this step taken by the United States as it is necessary to force the Iranian regime to end its policy of destabilizing stability and its support and sponsorship of terrorism around the world," Ibrahim al-Assaf said in comments carried on state media.

© Reuters. FILE PHOTO:  Saudi Arabia's Foreign Minister Ibrahim al-Assaf attends a preparatory meeting between Arab foreign ministers ahead of the Arab summit in Tunis

He reiterated a statement issued by the kingdom's energy minister on Monday that the world's largest oil exporter would coordinate with other oil producers to ensure an adequate crude supply and balanced markets after Washington's announcement.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.