Iran Says Sanctions Destabilize Oil Markets

Unilateral sanctions against major oil-producing countries are threatening global oil and energy market stability and hurt consumers globally, Iran’s Oil Minister Mohsen Paknejad said on Wednesday. Paknejad was speaking during talks with OPEC Secretary General Haitham Al Ghais a day after U.S. President Donald Trump restored the “maximum pressure” campaign on Iran with the aim to drive its oil exports to zero. “Paknejad stated that depoliticizing the oil market is critical for energy security, particularly for the oil market…