Saudi calls for pressure on Iran after US oil move

AFP  |  Riyadh 

on Tuesday called for international pressure to be kept up on after a US decision to end sanction exemptions for Iran's customers.

He added the kingdom was keen on "the need for continued international efforts to (compel) the Iranian regime to abide by international laws and stop interfering in other countries' internal affairs".

The on Monday announced it will no longer grant reprieves from unilateral US sanctions on Tehran, in order to "bring Iran's exports to zero".

Eight intially given six-month waivers include China, and Saudi Arabia's Energy said was committed to "stabilise" the market.

"The kingdom will coordinate with other oil producing to ensure adequate supplies to consumers," he said on Monday.

The has said and the -- close US allies -- would work to make up the difference in oil to ensure that global markets are not rocked.

US has adopted a hawkish stance to Saudi's regional rival Iran, last year pulling out of a landmark nuclear deal agreed with world powers and imposing sanctions.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Tue, April 23 2019. 16:15 IST