Iran rules out the possibility of agreement in OPEC to increase output

Baghdad: The Ministers of the Organization of Petroleum Exporting Countries (OPEC) were unable to reach an agreement on increasing production quotas, a goal of the Organization of the Petroleum Exporting Countries (OPEC) during their meeting in Vienna on Friday and Saturday with their counterparts in the main oil producers not included in the Organization sought by Saudi Arabia and Russia and opposed by Iran because of sanctions imposed by US President Donald Trump. "

"Iran does not believe that OPEC will raise production quotas this week," the Iranian Oil Minister Bijan Namdar Zangana said in a press statement on his arrival in Vienna. "The US President is responsible for the rise in oil prices."

"I do not think there will be an agreement and the consensus is needed within OPEC to change the production policy," he said, adding that "Trump is the reason for the rise in oil prices.

Source: National Iraqi News Agency