Iran says will cooperate with OPEC to stabilize the oil mkt:IRNA-June 2024-www.financetom.com

Iran says will cooperate with OPEC to stabilize the oil mkt:IRNA

News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities

Iran says will cooperate with OPEC to stabilize the oil mkt:IRNA

Aug 26, 2016 3:08 AM

Share Market Live

NSE

Iran's oil minister said on Friday that Tehran will cooperate with Organization of the Petroleum Exporting Countries (OPEC) to stabilize the world market, but expects others to respect its rights, the ministry's news agency SHANA quoted him as saying.

Asked about an oil output freeze plan, Bijan Namdar Zanganeh also said that Iran supports any effort to bring stability to the market.

"Iran will cooperate with OPEC to help the oil market recover, but expects others to respect its natural rights," he added.

First Published:Aug 26, 2016 12:08 PM IST

Previous page： Despite Elon Musk's Efforts, US Spending Soars To New Highs, Deficit Exceeds $1 Trillion Next page： Whether US is heading for recession or just 'detox,' downturns are costly

Comments

Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.

Show More Comments

Related Articles >

Despite Elon Musk's Efforts, US Spending Soars To New Highs, Deficit Exceeds $1 Trillion

Mar 13, 2025

The U.S. federal spending hit a record-breaking $603.4 billion last month, despite the efficiency drive led by Tesla CEO Elon Musk. What Happened: Despite Musk’s efforts to streamline government operations through his Department of Government Efficiency (DOGE), U.S. federal spending has soared to an all-time high, as per data by the U.S. Treasury. Compared to the same month in the previous...

Whether US is heading for recession or just 'detox,' downturns are costly

Mar 13, 2025

WASHINGTON (Reuters) -U.S. Commerce Secretary Howard Lutnick says a recession would be worth it to get President Donald Trump's economic policies in place, while Treasury Secretary Scott Bessent has spoken of a coming period of detox and Trump himself says the economy is in transition. However it plays out, history shows recessions - should it come to that - are...

US Judge says Trump cannot fire democratic member of federal labor board

Mar 12, 2025

(Reuters) - A federal judge on Wednesday said President Donald Trump lacked the power to remove a Democratic member from the Federal Labor Relations Authority, which hears disputes between government agencies and their employees' unions, and ordered that Susan Tsui Grundmann be reinstated to her post. The decision by U.S. District Judge Sparkle Sooknanan in Washington, D.C. is a setback...

US October-February budget deficit hits record $1.147 trillion

Mar 12, 2025

* Trump's first full month in office sees 4% deficit increase * Outlays at $603 billion in February, receipts at $296 billion * Tariff increases may show up in March receipts, official says * Figures show little impact from Trump spending cuts so far (Adds details on fiscal-year-to date deficit record, prior record in paragraphs 1-3, 7-9) By David Lawder...