US threats over nuclear deal has no impact on oil market: Iran

"The oil market did not hear Trump''s remarks," Zanganeh said, adding that "If Trump''s threats had been materialized, there should have been a rapid rise in prices of oil."

IANS
Publish Date: Oct 23 2017 10:52AM | Updated Date: Oct 23 2017 10:52AM
US threats over nuclear deal has no impact on oil market: IranFile Pic

Iran's Petroleum Minister Bijan Namdar Zanganeh said that global oil markets have remained unfazed by the recent remarks of US President Donald Trump against Iran's international 2015 nuclear deal, internationally known as JCPOA, Press TV reported on Sunday.

 
"The oil market did not hear Trump's remarks," Zanganeh said, adding that "If Trump's threats had been materialized, there should have been a rapid rise in prices of oil."
 
However, "there have been no significant changes over the past week," he was quoted as saying.
 
In the meantime, Iranian senior lawmaker Hossein Naqavi Hosseini said that Trump's anti-JCPOA stance, should have increased oil prices to as high as $65 per barrel. "However, Trump's remarks failed to produce any major impact."
 
The JCPOA was reached between Iran, the five permanent members of the UN Security Council, Britain, China, France, Russia and the US, plus Germany, in July 2015. Under the deal, Iran agreed to halt its nuclear weapon programme in exchange for economic aid and lifting of international sanctions.
 
However, on October 13, US President Donald Trump called for decertifying the agreement, alleging Iran had committed "multiple violations".

Latest News

  1. JRL stages protest in Downtown Srinagar against rights violations, arrests
  2. JRL stages protest in Downtown Srinagar against rights violations, arrests
  1. Mehbooba Mufti chairs Unified High Command meeting in Jammu
  2. Mehbooba Mufti chairs Unified High Command meeting in Jammu
  1. Two injured in explosion at army’s Khundroo ammunition depot in south Kashmir
  2. Two injured in explosion at army’s Khundroo ammunition depot in south Kashmir
  1. History of referendum to be part of Goa school curriculum: CM
  2. History of referendum to be part of Goa school curriculum: CM
  1. Relatives of ‘murdered’ Sopore goldsmith protest against ‘failure’ to trace his body
  2. Relatives of ‘murdered’ Sopore goldsmith protest against ‘failure’ to trace his body
  1. Congress stages walkout from Jammu and Kashmir Assembly over Ladakh tourism projects demand
  2. Congress stages walkout from Jammu and Kashmir Assembly over Ladakh tourism projects demand
  1. People had come to kill me, claims Togadia
  2. People had come to kill me, claims Togadia
  1. Forces pay annual rent of Rs 12.38 crore for land occupied in Kashmir: Govt
  2. Forces pay annual rent of Rs 12.38 crore for land occupied in Kashmir: Govt
  1. Nawaz Sharif appears before accountability court for 13th time
  2. Nawaz Sharif appears before accountability court for 13th time
  1. Farmers body urges government to curb cigarette smuggling
  2. Farmers body urges government to curb cigarette smuggling
  1. Palestinian Central Council recommends suspending recognition of Israel
  2. Palestinian Central Council recommends suspending recognition of Israel
  1. Government forms committee to ‘examine' demands of protesting NHM employees
  2. Government forms committee to ‘examine' demands of protesting NHM employees
  1. Hit in the head, Pakistani cricketer Shoaib Malik shows symptoms of delayed concussion
  2. Hit in the head, Pakistani cricketer Shoaib Malik shows symptoms of delayed concussion
  1. Congress legislator accuses govt of making ‘unnecessary appointments’ in ‘defunct’ corporations
  2. Congress legislator accuses govt of making ‘unnecessary appointments’ in ‘defunct’ corporations
  1. Benjamin Netanyahu visits Taj Mahal
  2. Benjamin Netanyahu visits Taj Mahal
  1. Cold wave continues in Jammu and Kashmir, Kargil freezes at minus 19
  2. Cold wave continues in Jammu and Kashmir, Kargil freezes at minus 19
  1. Jammu and Kashmir minister offers to resign after allegations of corruption
  2. Jammu and Kashmir minister offers to resign after allegations of corruption
  1. Civilian injured in Shopian gunfight dies after 27 days
  2. Civilian injured in Shopian gunfight dies after 27 days
  1. NC, Congress boycott LC proceedings on second straight day; demand chairman’s apology
  2. NC, Congress boycott LC proceedings on second straight day; demand chairman’s apology
  1. Bilal Kawa arrest: Jammu and Kashmir govt afraid of Delhi, says Sagar
  2. Bilal Kawa arrest: Jammu and Kashmir govt afraid of Delhi, says Sagar
  1. Electrician found mysteriously dead in north Kashmir hospital
  2. Electrician found mysteriously dead in north Kashmir hospital
  1. Video | Uproar in assembly over arrest of Kashmiri businessman Bilal Kawa by Delhi Police
  2. Video | Uproar in assembly over arrest of Kashmiri businessman Bilal Kawa by Delhi Police