June 19, 2018 / 1:58 PM / 4 months ago

Iran says Trump seeks high oil price to support shale - SHANA

LONDON, June 19 (Reuters) - Iran’s oil minister said on Tuesday that U.S. President Donald Trump sought high oil prices to support shale production in the United States, despite his public attack on OPEC over the high price of oil.

“We believe Mr. Trump prefers high oil prices to support shale production in America, but he attacks OPEC, especially after U.S. withdrawal from the JCPOA (Iran’s nuclear deal), to avoid public pressures for increasing the prices of oil,” Bijan Zanganeh was quoted as saying by SHANA before his departure for the OPEC summit. (Reporting by Bozorgmehr Sharafedin; Editing by Adrian Croft)

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