Iran oil minister Zanganeh speaks after Iran sanctions

He adds:

  • Iran needs foreign investment, but can survive without it
  • says prefers $65 per barrel for crude prices
  • says Trump not honest about oil prices; he wants higher crude prices
  • foreign currency income will meet what is anticipated in the budget
  • Iran's average crude output seen around 4 million barrels per day in Iranian year ending March 2019
  • production decline from Irene oilfields is 7 to 8% annually