Breaking

Tweet TWEET

Iran Sanctions Will Destabilize Oil Markets, Qasemi Tells Shana

Additional sanctions against Iran’s oil industry will destabilize world markets, making it an “irrational” move, Shana reported, citing the country’s oil minister.

Iran has no difficulty selling its crude, Rostam Qasemi said at the legal department of the Ministry of Petroleum, according to the oil ministry’s news website. Iran has facilitated investment in its energy industry by “sweetening terms of contracts,” Shana cited Qasemi saying without providing details.

To contact the reporter on this story: Ayesha Daya in Dubai at adaya1@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.