Iran asks OPEC support amid US sanctions

Iran asks OPEC support amid US sanctions
# 30 May 2018 22:01 (UTC +04:00)

Reacting to the recent wave of US sanctions, announced earlier in the day by the Treasury Department, Iran's oil minister has asked OPEC to support his country against what he called "illegal, unilateral and extraterritorial sanctions", APA reports quoting sputniknews.

"I would like to… seek OPEC's support in accordance with Article 2 of the OPEC Statute, which emphasizes safeguarding the interests of member countries individually and collectively," Iranian Oil Minister Bijan Zanganeh wrote in a letter to the United Arab Emirates Energy Minister Suhail al-Mazrouei, who holds OPEC presidency in 2018.

Earlier in the day, the US Treasury Department declared new US sanctions against Iran, citing what they called "ongoing human rights abuses, censorship, and other despicable acts it commits against its own citizens".

READ MORE: US Issues New Sanctions Against Iran — Treasury Department

The latest wave of US sanctions targeted, in particular, six individuals and three companies: Director-General of Islamic Republic of Iran Broadcasting Abdulali Ali-Asgari, Ansar-e Hezbollah leaders Hossein Allahkarah, Abdolhamid Mohtasham and Hamid Ostad, Secretary of Iran's Supreme Cyberspace Council Abolhassan Firouzabadi and Iranian judiciary official Abdolsamad Khoramabadi, as well as Ansar-e Hezbollah, Evin Prison, Hanista Programming Group, Al-Bilad Islamic Bank for Investment and Finance, Al-Naser Airlines and Dart Airlines.

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