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Iranian Oil Minister Says US Making a Mistake Politicizing Oil

2025-01-01OANDAOANDA
The United States has made a bad mistake by politicizing oil and using it as a weapon, Iran’s Oil Minister Bijan Zanganeh said in a parliamentary session on Tuesday, the Islamic Republic News Agency (IRNA) reported. Oil prices on Tuesday hit their highest level since November after Washington announced all waivers on imports of sanctions-hit […]

The United States has made a bad mistake by politicizing oil and using it as a weapon, Iran’s Oil Minister Bijan Zanganeh said in a parliamentary session on Tuesday, the Islamic Republic News Agency (IRNA) reported.


Brent crude graph

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.

Zanganeh added that the United States will not be able to reduce Iran’s oil exports to zero.

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