Iran will not comply with "illegal" U.S. sanctions - oil minister

By REUTERS
January 10, 2019 14:37
1 minute read.
Breaking news

Breaking news. (photo credit: JPOST STAFF)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

Iranian Oil Minister Bijan Zanganeh said on Thursday US sanctions against his country were "fully illegal" and Tehran would not comply with them.

"We believe that we should not comply with the illegal sanctions against Iran," Zanganeh told a joint news conference in Baghdad with his Iraqi counterpart, Thamer al-Ghadhban.Zanganeh also said Iran would not discuss the volume or destination of its oil exports while it remained under US sanctions.

"We have discussed today how to improve cooperation with Iraq on different aspects, especially on oil issues," Zanganeh said.

Ghadhban, who also said the discussions had touched on energy issues, added that Iraq had not yet reached an agreement with Iran to develop joint oilfields.

He said a decline in global oil prices had stopped and that he expected them to rise gradually.



The Organization of the Petroleum Exporting Countries, of which Iran and Iraq are members, and its Russia-led allies agreed on Dec. 7 to cut output by more than expected, despite pressure from US President Donald Trump to reduce oil prices.

The OPEC deal had hung in the balance on concerns that Iran, whose crude exports have been depleted by US sanctions, would receive no exemption and block the agreement.

Ghadhban said any decision relating to future OPEC cuts would depend on monitoring price developments.

    

 

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

Breaking news
January 21, 2019
Lapid: Admitting we attacked in Syria is terribly irresponsible

By JERUSALEM POST STAFF