The Iranian Oil Ministry's news agency, SHANA, reported on Thursday that Iran is said to be against the oil output increase proposed by Saudi Arabia, adding that Saudi cannot raise oil output to replace Iran's share.
On Wednesday, SHANA came out with a statement, citing that the OPEC’s third-largest oil producer, Iran, sees no impact on oil output from the US sanctions.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.