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Iran's president urges for stabilizing oil market

Xinhua, October 23, 2016 Adjust font size:

Iran's President Hassan Rouhani said here Saturday that his country supports any measure to stabilize global oil markets.

"Iran supports any measure in line with the stabilization of the oil market, fair prices and equitable quota for the producers," Rouhani said in a meeting with visiting Venezuelan President Nicolas Maduro.

Rouhani urged OPEC and non-OPEC oil producers to work together to this end.

Rouhani also hailed the relations between Iran and Venezuela, saying the development of cooperation with Latin American countries has always been of high significance to Iran.

Earlier in the day, Iran's Supreme Leader Ayatollah Ali Khamenei said that the decrease in global oil prices is leverage to exert pressure on independent countries by the United States, Press TV reported.

Khamenei urged "resistance and steadfastness along with prudence" to foil U.S. plots.

The Venezuelan president arrived in the capital Tehran on Saturday for a two-day visit to discuss issues of mutual interest, including energy cooperation, with senior Iranian officials. Endit