Iranian Oil Minister Mohsen Bak Nejad warned that imposing unilateral sanctions on senior producers would destabilize the energy markets, according to the news website of the Iranian Oil Ministry (Shana) on the Internet today, Wednesday.
This came after US President Donald Trump announced on Tuesday that he was seeking to stop Iranian oil exports completely.
Pak Nejad, Secretary -General of the Organization of Petroleum Exporting Countries (OPEC), Haitham Al -Ghais, told “removing the political nature of the oil market is a vital issue of energy security. Imposing unilateral sanctions on the major oil producers and pressure on OPEC would destabilize the oil and energy markets as well as harm the consumers Around the world.
Pak Ahmadinejad’s comments came after Trump resumed the policy of “maximum pressure” on Iran, which includes attempts to reduce its oil exports to scratch in order to prevent Tehran from having a nuclear weapon.
Trump launched this campaign for the first time during his first presidential term in 2018 and caused a sharp decrease in Iranian oil exports to up to 200,000 barrels per day in some months of 2020.
Then Iranian oil exports revived the era of former President Joe Biden, currently about 1.5 million barrels per day, and the majority of flows go to China.
Back Ahmadinejad told official television today, Wednesday, that Tehran has prepared strategies for any position related to US sanctions.
Regarding energy issues in general, Pak Nejad said that the most important challenge facing the global oil market in the Mediterranean to long is the issue of investments in exploration and production.
“If some of the major oil consumers today are concerned about the supply of crude, then this is the result of their political actions that pressure OPEC Plus and push for organizational restrictions on new investments in excavation and production,” he added.
It is noteworthy that Pak Ahmadine was chosen in December as president of the OPEC for the year 2025.
Maximum pressure
On Tuesday, Trump signed a presidential note aimed at re -imposing a “maximum pressure” policy on Iran, with the aim of preventing it from developing nuclear weapons. This policy includes imposing strict sanctions aimed at reducing Iranian oil exports to scratch.
Impact on global oil prices:
- With Trump’s announcement of the re -imposition of sanctions on Iran, oil prices have risen, as West Texas’s intermediate crude reduced its previous losses, and Brent crude turned from a decrease.
- These sanctions are expected to reduce Iranian oil exports by 1.5 million barrels per day, which may increase pressure on global oil markets.
- Other producers may seek to increase their production to compensate for a possible deficiency in supplies, with the aim of achieving stability in the markets.
