Austria: Iran blames Trump for oil price hike

Iranian Oil Minister Bijan Zangeneh laid the blame for an increase in the price of oil on US President Donald Trump, while at the 7th OPEC (Organisation of the Petroleum Exporting Countries) International Seminar in Vienna on Wednesday. «The real responsibility for the current oil price hike lies with the president himself. You cannot have your cake and eat it too. You cannot impose unilateral... Еще trade sanctions against two founding members of OPEC, two major oil producers, and apply the extra-territorially and at the same time expect the global oil market not to show an adverse reaction,» Zangeneh said. Energy minister of the United Arab Emirates Suhail al-Mazrouei also took to the stage to say they will «do what is necessary to maintain stability and support global energy security, in the interest of both producers and consumers.» The OPEC 7th International Seminar will run in Vienna on June 20-21, holding presentations from government officials, industry executives, and financial firms seeking to promote dialogue and cooperation within the industry.

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