Saudi Arabia on Tuesday called for international pressure to be kept up on Tehran after a US decision to end sanction exemptions for Iran's oil customers.
The latest US move was a "necessary step" to hold Iran responsible for its "destabilising policies and support for terrorism", Saudi Foreign Minister Ibrahim al-Assaf said in a statement carried by the official Saudi Press Agency.
He added the kingdom was keen on "the need for continued international efforts to (compel) the Iranian regime to abide by international laws and stop interfering in other countries' internal affairs".
The White House on Monday announced it will no longer grant reprieves from unilateral US sanctions on Tehran, in order to "bring Iran's oil exports to zero".
Eight countries intially given six-month waivers include China, India and Turkey. Saudi Arabia's Energy Minister Khalid al-Falih said Riyadh was committed to "stabilise" the oil market.
"The kingdom will coordinate with other oil producing countries to ensure adequate supplies to consumers," he said on Monday.
The White House has said Saudi Arabia and the United Arab Emirates -- close US allies -- would work to make up the difference in oil to ensure that global markets are not rocked.
US President Donald Trump has adopted a hawkish stance to Saudi's regional rival Iran, last year pulling out of a landmark nuclear deal Tehran agreed with world powers and imposing sanctions.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
