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Iranian minister: "Nations using oil as a weapon threatens OPEC"

01 May 2019 16:15 (UTC +04:00)

Any country using oil as a weapon could cause the collapse of oil producer group OPEC, Iran’s Oil Minister Bijan Zanganeh said on Wednesday, according to SHANA, the news outlet of the oil ministry, ONA reports citing Reuters.

Oil prices hit their highest since November in recent days after Washington said all waivers for those importing sanctions-hit Iranian oil would end this week, pressuring importers to stop buying from Tehran and further tightening global supply.

“Those who use oil as a weapon against two founding members of OPEC are disturbing the unity of OPEC and creating the death and collapse of OPEC and the responsibility for that is with them,” Zanganeh said in a speech at an oil and gas conference in Tehran.