LONDON (Reuters) - Iran responded to U.S. President Donald Trump’s latest attack on OPEC on Wednesday, saying U.S. sanctions on Iran and fellow OPEC member Venezuela had contributed to volatile prices.
Trump said on Wednesday oil prices were too high and blamed the Organization of the Petroleum Exporting Countries, after last raising the issue in April.
“You cannot place sanctions on two OPEC founder members and still blame OPEC for price volatility,” Iran’s OPEC governor, Hossein Kazempour Ardebili, said in a statement to Reuters.
“This is business, Mr. President — we thought you knew it.”
Reporting by Alex Lawler; Editing by Catherine Evans