US sanctioning Iran to make room for its shale oil: Zangeneh

Iran’s Minister of Petroleum Bijan Zangeneh says US sanctions on the Iranian oil industry, apart from being a measure of political pressure, aim to open up the world oil market to American shale oil.

"I am certain one of the reasons for the #US to impose sanctions on Iran has been to make room for its #shale_oil in the market; therefore, the sanctions issue is not merely a political matter, but rather an economic one," Zangeneh tweeted, Press TV reported.

Since September, the United States has been working to bring Iran’s oil exports down to zero as part of Washington’s economic terrorism on Tehran.

Iran's petroleum industry, including its oil, gas and petrochemical sectors, is on the frontline of the fight against the US which believes choking off the main source of income of the Iranians would force the country to negotiate a new nuclear deal.

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