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Exclusive: Iran slams U.S. for seeking Saudi oil output hike, says OPEC won’t comply

Saudi Arabia, June 9, 2018

Iran said on Friday a U.S. request for Saudi Arabia to pump more oil so that it could cover a drop in Iranian exports was “crazy and astonishing” and said OPEC would not heed the appeal, setting the stage for a tough OPEC meeting this month.

Iran, Saudi Arabia’s arch-rival, has a history of raising challenges in OPEC meetings. In 2015, Tehran refused to sign up to OPEC policies, saying it needed to hike output due to the easing of sanctions after a nuclear accord with world powers.

U.S. President Donald Trump pulled out of that nuclear deal last month and announced the “highest level” of sanctions against Iran, the biggest producer in the Organization of the Petroleum Exporting Countries after Saudi Arabia and Iraq.

“It’s crazy and astonishing to see instruction coming from Washington to Saudi to act and replace a shortfall of Iran’s export due to their Illegal sanction on Iran and Venezuela,” Iran’s OPEC governor Hossein Kazempour Ardebili told Reuters.

reuters