Iran urges OPEC to unite against potential oil sanctions in the United States | Opec News

The Iranian president urges members to unite after Trump has again initiated the sanction campaign for maximum pressure on “maximum pressure”.

Iran President Masud Petzshian has called on OPEC members to unite against the possible US sanctions against the main oil producer after US President Donald Trump said he would seek to drive oil exports to zero.

Pezeshkian made the comments at a meeting with OPEC Secretary General Haytam Al-Gas, a day after Trump signed an executive order calling for a “maximum pressure” campaign on Iran, which he said aims to stop Tehran from Tehran Getting a nuclear weapon.

The X account of OPEC on Wednesday showed Al-Gas on a visit to Iran, which implies OPEC's rotating presidency this year.

“I believe that if OPEC members are united and work together, the US will not be able to sanction and put pressure on one of them,” Petzshian said during the meeting with Al-Gas, according to Iranian state media.

Iranian exports of raw oil currently amount to about 1.5 million barrels per day (BPD), with the majority going to China. The loss of such a volume equal to about 1.4 percent of the total worldwide delivery would be significant for the markets.

Pezeshkian also set out strategies to counteract US sanctions and maintain economic stability, calling for autonomy and regional cooperation.

“They think that all we have depends on oil and want to stop oil export A suitable platform for a decent life for people from our country, “he said.

“Destabilize the oil and energy markets”

Trump first imposed “maximum pressure” campaign of Iran during his first term after withdrawal from A joint overall action plan an agreement. According to the deal hit by former US President Barack Obama, Tehran will limit its nuclear program in exchange for sanctions.

Trump's actions from 2017 to 2021 have observed a sharp decline in Iranian oil exports to only 200,000 BPD in several months in 2020. In 2018, OPEC and the Allies agreed to strengthen deliver compensate for the losses caused by sanctions against Iran.

Iranian oil exports have grown to the highest since 2018 during President Joe Biden's term, despite the prolonged US sanctions.

Iranian Minister of Petroleum Mohsen Pacnejad also told Al-Gai that the imposition of unilateral sanctions on raw manufacturers would destabilize energy markets, Shana News Uptled reported on Wednesday.

“Depolitization of the oil market is a vital problem for energy security. The imposition of unilateral sanctions on the main oil producers and the pressure on OPEC will destabilize the oil and energy markets, as well as harm consumers around the world, “Pacnejad said.

Pacnejad also told state television that Tehran had prepared strategies for any situation with the US sanctions.