President Rouhani says countries behind oil price drop will suffer

SHAFAQNA (Shia International News Association) – President of the Islamic Republic of Iran said on Tuesday (13 Jan.) that countries behind the fall in oil prices in international markets 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,” President Rouhani said in a speech broadcast on state television as oil plunged to near six year lows on international markets.

“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.

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