Iran Sanctions Impact Oil Consumers
Iran Sanctions Impact Oil Consumers
Qatari Foreign Minister Sheikh Mohammed bin Abdulrahman al-Thani spoke out against Washington’s decision not to extend sanctions waivers on exports of Iranian oil, saying the US’ unwise move hurt the countries that rely on the supplies.

“The sanctions should not be extended because they have an adverse impact on countries benefiting from Iranian oil,” al-Thani said on Wednesday, Reuters reported.

“In Qatar, we do not believe unilateral sanctions bring positive effects for crises which must be solved through dialogue and dialogue only,” he told a news conference following a meeting of the Asia Cooperation Dialogue in Qatar’s capital Doha, which was attended by his Iranian counterpart.

The United States has demanded that buyers of Iranian oil stop purchases by May 1 or face the prospect of sanctions, ending six months of waivers that had allowed Iran’s customers to import limited volumes.

In November, the minister said Doha would continue to deal with Iran, which helped Qatar secure supplies when a Saudi-backed boycott was first imposed in 2017, and that it was ready to mediate between Washington and Tehran.