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Zanganeh: US Wish Will Not Come True

Zanganeh: US Wish Will Not Come TrueZanganeh: US Wish Will Not Come True

The United States has made a major error of judgment by politicizing oil and using it as a weapon in already fragile international oil market.

Oil Minister Bijan Namdar Zanganeh made the statement on Tuesday in parliament.

“America’s dream to reduce Iran’s oil exports to zero will never come true,” Zanganeh said.

Oil prices on Tuesday hit their highest level since November after Washington announced all waivers on imports of sanctions-hit Iranian oil would end next week, pressuring importers to stop buying from Tehran and further tightening global supply.

Brent crude futures were at $74.25 per barrel, up 21 cents or 0.28% from their last close, after reaching their loftiest level since November at $74.70.

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