Iran will not comply with “illegal” US sanctions: Oil Minister

BAGHDAD, REUTERS: Iranian Oil Minister Bijan Zanganeh said yesterday that US sanctions against his country were “fully illegal” and Tehran would not comply with them. 

Iran's Oil Minister Bijan Zanganeh talks to journalists at the beginning of an OPEC meeting in Vienna, Austria - Reuters

Zanganeh, speaking at a joint news conference in Baghdad with Iraqi Oil Minister Thamer al-Ghadhban, said Iran would not discuss the volume or destination of its oil exports while it remained under US sanctions. 

Ghadhban said Iraq had not yet reached an agreement with Iran to develop joint oil fields. He also said the decline in global oil prices had stopped and that he expected them to improve gradually.