GENEVA: US 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 to the change of the balance of power in the world,” Amir Hossein Zamaninia, a deputy oil minister, said in a report carried by the oil ministry’s news website SHANA.
U.S. sanctions make life more difficult for ordinary Iranians but the Islamic Republic will get through them, Zamaninia said.
