President Masoud Pezeshkian of Iran stresses the importance of OPEC members standing united against US sanctions threats. He believes that collective action by OPEC can prevent sanctions from being imposed.
Pezeshkian highlights the need for OPEC members to avoid political games and focus on solidarity to protect their interests. He aims to deepen cooperation within OPEC to establish a common approach and policy.
Iran assumes the rotating presidency of OPEC for 2025, with Oil Minister Mohsen Paknejad leading the conference. The organization expresses gratitude for Iran’s constructive role in promoting cooperation among member countries.
OPEC Secretary-General Al-Ghais emphasizes the significance of strengthening cooperation and maintaining market stability. He acknowledges the positive impact of improved relations between Iran and Saudi Arabia on OPEC’s market influence.