Iran´s OilMin Zanganeh: Trump cannot bring oil prices down by 'bullying' - Reuters

Dhwani Mehta FXStreet

According to the Iranian semi-official news agency, ILNA, Iran´s Oil Minister Bijan Zanganeh noted that the US President Trump´s comments cannot bring down oil prices.

Zanganeh said: “The oil market is suffering from short supply and this cannot be resolved by words. Trump thinks he can bring the oil prices down by bullying.”

The US sanctions on Iranian oil exports will come into effect from Nov. 4.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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