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Iran Oil Minister: Nations 'Weaponizing' Oil Risk Destroying OPEC

Video Credit: Wochit Business - Duration: 00:35s - Published < > Embed
Iran Oil Minister: Nations 'Weaponizing' Oil Risk Destroying OPEC

Iran Oil Minister: Nations 'Weaponizing' Oil Risk Destroying OPEC

Iran's oil minister said Wednesday that any country using oil as a weapon could cause the collapse of oil producer group OPEC.

Oil prices have hit their highest since November in recent days, after Washington said all waivers for those importing sanctions-hit Iranian oil would end this week.

According to Reuters, that's put pressure on importers to stop buying from Tehran--thus further tightening global supply.

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Iran Oil Minister: Nations 'Weaponizing' Oil Risk Destroying OPEC

MAY 14, 2015, FILE PHOTO




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