Sep 25, 2018, 11:42 PM
News Code: 83044370
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Macron says oil prices would fall if Iran could sell oil

Tehran, Sept 25, IRNA - French President Emmanuel Macron on Tuesday responded to US President Donald Trump’s criticism of high oil prices, saying that if had not reimposed sanctions on Tehran, prices would not have risen as much, Reuters reported.

“If he goes to the end of his logic, he’ll see that it’s good for the oil price that Iran can sell it,” Macron said. “It’s good for peace and global oil prices. Otherwise there is an impasse in the rationale for which I don’t have the answer. It’s an economic reality ... supply and demand.”

Trump has demanded OPEC tame oil prices several times this year as his administration restores sanctions on Iran, the group's third largest oil producer.

OPEC is partnering with Russia and other producers to limit output in order to stabilize oil prices after a prolonged and punishing downturn.
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