Iran’s OilMin Zanganeh: Saudi, UAE overstate their oil capacities


Iran’s state news agency, IRNA, reported the latest comments from the Iranian Energy Minister Bijan Zanganeh, with the key quotes found below (courtesy Reuters).

“The U.S. behavior and oil sanctions are not a bluff, but (the result of) very violent hostility towards the Iranian nation.” 

“I believe they (Saudi Arabia and the UAE) are overstating their oil capacities.” 

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