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Iran says it supports OPEC as long as its interests are protected

Iran supports the Organization of the Petroleum Exporting Countries (OPEC) as long as the group protects Iranian interests alongside other members, Iran’s OPEC governor Amir Hossein Zamaninia said. Sixty years after its formation, OPEC’s founding members, Iran and Venezuela, have been sidelined by U.S. sanctions while its kingpin, Saudi Arabia, has shown it would rather appease Washington than risk losing U.S. support, according to current and former OPEC officials.

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by: Mohammad Hossein Aghabozorg