📈 Fed's first cut since 2020: Time to buy the dip? See Tech-focused stock picksUnlock AI Picks

U.S. oil sanctions against Iran are unjust: Rouhani

Published 04/13/2020, 12:40 PM
Updated 04/13/2020, 12:45 PM
© Reuters. Iranian President Hassan Rouhani speaks during a meeting in Tehran

(Reuters) - Iranian President Hassan Rouhani said U.S. sanctions against Iran and Venezuela were unjust in a telephone call with Venezuelan President Nicolas Maduro on Monday and called for the two countries to cooperate together within the OPEC+ group.

Washington reimposed sanctions on Iran in 2018 when U.S. President Donald Trump withdrew the United States from a 2015 nuclear deal with major powers.

Iranian officials have said the sanctions have hampered efforts to combat a coronavirus outbreak in the country.

"America's cruel and illegal sanctions on oil production against Iran and Venezuela are against international regulations and human principles," Rouhani said, according to the official presidency website.

He added, "We need to continue cooperation for reduction of production and the return of stability to prices."

© Reuters. Iranian President Hassan Rouhani speaks during a meeting in Tehran

The OPEC+ group of oil producers, comprising the Organization of the Petroleum Exporting Countries, Russia and other countries, agreed at the weekend to cut output by 9.7 million barrels per day (bpd) in May and June, representing about 10% of global supply.

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.