BREAKING NEWS

Rouhani: OPEC cut to oil output is a rebuff of 'U.S. meddling'

By REUTERS

DECEMBER 9, 2018 21:08

Iranian President Hassan Rouhani said on Sunday a decision by OPEC and other oil producers on Friday to cut output was a rebuff for a US "policy of meddling," the state news agency IRNA reported.

OPEC and its Russia-led allies agreed to slash oil production by more than the market had expected, after pressure from US President Donald Trump to reduce the price of crude.

"Despite US attempts to interfere in OPEC affairs and prevent a balancing of oil supply, fortunately with the resistance of member states and the efforts of Iran and Mr(Iranian Oil Minister Bijan) Zanganeh, this plan was neutralized and there was a defeat for America's policy of meddling," IRNA quoted Rouhani as saying.

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