Iranian oil minister Bijan Zanganeh in an interview with state television on Saturday condemned U.S. President Donald Trump order to OPEC to increase its' production and reduce prices.
Iranian oil minister added that Iranian output and exports had not changed as a result of U.S. pressure.
“Trump’s order to OPEC members to increase production is a great insult to those governments and nations, and destabilizes the market”, Zanganeh noted.
Iranian oil minister called the tension between Tehran and Washington a “trade war” and said it had not led to changes in Iranian oil production and exports.
Trump on Wednesday accused the Organization of the Petroleum Exporting Countries of driving fuel prices higher, and urged Saudi Arabia to pump more if it wanted Washington to continue protecting it.
Meanwhile, Iran's national currency revenues of oil export has witnessed 74 percent increase in spring, government spokesman Mohammad Baqer Nobakht said recently.
Also, the EU foreign policy chief, Federica Mogherini, has said that the 4+1 Group has reached an agreement to maintain Iran's oil and gas exports.
In May, US President Donald Trump announced that he would pull America out of a 2015 nuclear agreement with Iran and re-impose the sanctions that the deal had envisaged to be lifted.
The sanctions would include a universal ban on Iran over buying or acquiring US dollars as well as restrictions over purchases of crude oil from the country and investing in its oil sector projects.
