Rouhani: Era of Threats over, Countries behind Oil Price Drop will Suffer

Local Editor

Iranian President Hassan Rouhani said Tuesday that countries behind the fall in global oil prices would regret their decision and warned that Saudi Arabia and Kuwait would suffer alongside Iran from the price drop.

"Those that have planned to decrease the prices against other countries, will regret this decision," Rouhani said in a speech broadcast on state television. "

He further warned that "if Iran suffers from the drop in oil prices, know that other oil-producing countries such as Saudi Arabia and Kuwait will suffer more than Iran," he added.

The Iranian President made the remarks while addressing a large gathering at Bushehr's sports stadium in this southern provincial capital city.

Commenting on the present situation of oil price in the world market, Rouhani said, "Western countries think they have succeeded to create a new problem for Iran by reducing the price of oil but this will not put Iran under any pressure."

'Iran has predicted necessary ways to compensate the drop in oil price,' said the President stressing, "The era of threats and sanctions is over.'
"Those who designed the oil drop plan to damage certain countries, have to know that they would regret that as they cannot continue this path.

"Iran will continue moving on the path of constructive negotiations and interaction with the world and has taken first steps towards breaking Western sanctions through the support of people and guidelines of the Supreme Leader of the Islamic Revolution Imam Ali Khamenei,' the President noted.

He urged the Iranian nation to maintain its unity and solidarity, saying, 'We are all from one single country, living under a single flag with a single Constitutions and a single leadership. And we are all seeking a single objective which is national prosperity.'

Source: News Agencies, Edited by website team