Iran said to be against the oil output increase proposal by Saudi Arabia - SHANA

The Iranian Oil Ministry's news agency, SHANA, reported on Thursday that Iran is said to be against the oil output increase proposed by Saudi Arabia, adding that Saudi cannot raise oil output to replace Iran's share.

On Wednesday, SHANA came out with a statement, citing that the OPEC’s third-largest oil producer, Iran, sees no impact on oil output from the US sanctions.