Saudi Arabia welcomes US decision to cancel sanctions waivers for Iranian oil

Saudi Arabia has welcomed the US decision to cancel the sanctions waivers applied to countries buying oil from Iran.

“The Kingdom expresses its full support for the move taken by the United States as a necessary step to force the Iranian regime to stop its destabilising policies and its support and sponsorship of terrorism around the world,” declared Foreign Minister Ibrahim Al-Assaf. “The Iranian regime has used state resources to finance these dangerous policies, without regard to the principles of international law.”

The US announced on Monday that it will not extend waivers granted to China, India, Turkey, Greece, Italy, Japan, South Korea and Taiwan to purchase Iranian oil. The waivers expire on 8 May.

Earlier, Saudi Energy Minister Khalid Al-Falih sent assurances to the energy markets saying that the Kingdom, one of the world’s main oil producers, would coordinate with others to ensure that an adequate oil supply is maintained.

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