Iran's oil minister quoted on Reuters
- it is not a matter of discussion to limit production of Iran
- OPEC members have lost so much money it seems we can not change situation in short term
- OPEC action should not be subjected to non-OPEC members
- we are capable to increase Iran's production by at least 0.5mln bpd after sanctions lifted, rising to 1mln bpd
Gloves off from Iran
Brent currently $43.15 off session highs. Ditto WTI at $40.45
