• US Oil Sanctions to Harm Int'l Economy

    Imposing sanctions against oil producing states like Iran will have an adverse impact on oil markets as well as the world's economy, the country's former governor at the Organization of Petroleum Exporting Countries said.
    "Even if there are enough oil supplies, the continuation of unilateral sanctions will harm all countries, especially OPEC members, as it is very likely that they will face the same trade and economic restrictions under the excuse of safeguarding their national interests," Javad Yarjan was also quoted as saying by Shana. 
    "OPEC and non-OPEC members should not follow US foreign policies, as it will further destabilize global economy and oil trades," he added.
     

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