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Wednesday 3 October 2018

Qatar not Seeing a Threat in Sanctions Against Iran

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TEHRAN (IrTAG) – According to the Minister of Energy of Qatar, Mohammed bin Saleh Al-Sada , Qatar sees no difficulties threatening the global market after the introduction of sanctions against Iran.

The second block of sanctions against Iran should come into force before November 4. These measures will certainly affect the energy sector of the Islamic Republic. In particular, Washington is seeking to completely block the export of hydrocarbons from Iran. Some US allies (in particular Japan) have already stopped dollar transactions with Iran, writes News.ru. The first block of sanctions against Iran was introduced in August of this year. Restrictions imposed on the automotive sector, as well as trade in gold and industrial metals.

dMohammed Saleh Al Sada

Nonetheless, Saleh Al-Sada is confident and says:

We do not foresee difficulties. We still do not know how the international market will react to sanctions against Iran. It feels like the first reaction is already there, and fundamentally the situation has not changed in the first few weeks. But the rise in prices is probably related to such sensations, and not fundamental factors.

Sanctions have been taken by the United States after the withdrawal from the Joint Comprehensive Action Plan (JCAP) in May of this year. Donald Trump has accused Iran of improperly implementing its nuclear program, as well as of supporting terrorists in the Middle East.

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