United States plan to cut Iran’s oil production ‘a fantasy’: Rouhani

Vastavam web: A plan by the United States to cut Iran’s oil production to zero is a “fantasy,” Iranian President Hassan Rouhani said today during his European tour to rally support for the 2015 nuclear deal.Washington has said it wants to pressure Iran to change its behaviour by taking away all revenue Tehran generates from crude sales, part of the confrontational approach adopted by President Donald Trump, who pulled out of the historic nuclear pact in May.”Such a scenario would mean the US was imposing its imperialist policy in flagrant violation of international law,” he said.

“This is really a baseless fantasy,” he added, condemning an “unjust” scenario where all oil producers are allowed to export crude except Iran.Washington has said it is confident the world has enough spare oil capacity to replace Iranian crude, and Trump has said that he has persuaded Saudi Arabia to balance the market by boosting its own production.But many believe nations will have to sever ties once Washington reimposes sanctions, to avoid losing access to US markets and financing.Rouhani and Swiss President Alain Berset both underscored the importance of the nuclear deal, known as the Joint Comprehensive Plan of Action, substantial parts of which were negotiated in Switzerland.