U.S. Sanctions Undermine Countries Dependent on Iranian Crude Oil

Catar believes that U.S. sanctions against Iranian oil exports will have a negative impact on oil-dependent countries.

Qatar’s Foreign Minister Muhamad bin Abdulrahman Al Thani said Wednesday that Washington’s decision to block Iranian crude oil exports has not been prudent.

Al Thani commented that restrictive measures against Tehran should not be extended because they have an adverse impact on oil consuming countries.

“At Catar, we do not believe that unilateral sanctions have positive effects on crises that must be resolved only through dialogue,” the Catarí foreign minister said at a press conference held in Doha, the Catarí capital.
Catar, the world’s leading exporter of liquefied natural gas, is at odds with other Arab states in the Persian Gulf that are strong supporters of tougher U.S. sanctions against Iran.

U.S. President Donald Trump’s administration last week surprised Iran’s oil customers by saying no exemptions to the sanctions would be granted after May 2.

This move by Washington is seen as an escalation of the White House tenant’s “maximum pressure” on the Persian country after he unilaterally withdrew his country from the nuclear agreement with Iran in May 2018.

The Islamic Republic of Iran, one of the big producers and exporters of crude oil, assures that it will frustrate the US sanctions and that Washington has only managed to shoot up the price of condensate worldwide.

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