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Iran offers to adopt a “maximum oil production” policy if the US lifts the sanctions

September 15, 2019

DUBAI, Sep. 15 (Reuters / EP) –

Iran's oil minister, Biyan Zangané, said Saturday that Iran will adopt a policy of maximum oil production if the United States lifts sanctions on the country's oil industry.

“The policy of the Iranian Petroleum Ministry would be the maximum production in case the United States lifts the sanctions imposed on the country's oil industry,” said the official news agency of the SHANA Ministry.

Tensions between Tehran and Washington have increased since Trump withdrew from the 2015 nuclear agreement and again imposed sanctions against Iran. In addition, the US president has threatened to punish by applying sanctions to any country that imports oil from Iran, which has caused a drop of more than 80 percent in oil exports from OPEC member countries.

“Our oil industry is alive, it is active. The US sanctions cannot stop Iran's oil exports,” Zangané added.

Since leaving the agreement in 2018, Trump has followed a “maximum pressure” policy to try to force Iran to hold broader talks to restrict its ballistic missile program and end its support for power forces across the East. Next.

Iran, which has been slowly breaching the nuclear agreement in retaliation for US sanctions, has threatened new violations in early September unless sanctions are reduced.