Iran says U.S. sanctions on its oil industry will damage market stability

By Reuters • last updated: 09/12/2019

FILE PHOTO: A gas flare on an oil production platform in the Soroush oil fields is seen alongside an Iranian flag in the Persian Gulf, Iran, July 25, 2005. REUTERS/Raheb Homavandi/File Photo/File Photo - Copyright Raheb Homavandi(Reuters)

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GENEVA (Reuters) – U.S. sanctions against Iran’s oil industry will damage the stability of global oil markets, a senior Iranian official was quoted as saying on Monday.

“These sanctions are an example of America’s bullying reaction in trying to change the balance of power in the world,” Amir Hossein Zamaninia, a deputy oil minister, said in a report carried by the Iranian oil ministry’s news website SHANA.

(Reporting by Babak Dehghanpisheh; Editing by Dale Hudson)

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