"Unfortunately, the coming months are expected to be pretty
hurtful for consumers,” said the official in an interview with Shana, adding
that the sanctions waivers US government would grant oil consumers were not in
proportion to the market demand.
He stated: "Despite the initial battle cries of Mr. Trump
and a number of regional oil producers, the US government eventually acknowledged
a severe shortage of oil on the global market and the impossibility of removing
Iran from this market.”
He said that the United States would issue sanctions waivers
to 8 countries to buy oil from Iran due to a serious shortage of oil and the
supply-demand imbalance, and in order to reduce the pressure on large
“But, the level of the waivers would not be able to meet the
demand and, therefore, I must say the future months will unfortunately be a hurtful
months for oil consumers,” the official added.
The Iranian Minister of Petroleum further said that the Trump
administration, on the eve of election in the US, had artificially reduced oil
and petrol prices, but there naturally will be an upward trend in the prices in
the coming months.
The US Treasury Department has issued 180-day waivers to
eight countries -- China, India, South Korea, Turkey, Italy, Greece, Japan, and
Taiwan -- that will allow them to continue importing Iranian oil.