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Iran says U.S.-caused oil spike will slow growth, add to tariff impact

Reuters  |  LONDON 

By Alex LawlerLONDON (Reuters) - A rise in oil prices caused by the United States' sanctions policies will hurt economic growth in China, Europe and other consumers, much like President Donald Trump's trade measures, a top Iranian official said on Thursday.Iran's OPEC governor also told Reuters the rise in oil output by OPEC and its allies, after pressure by Trump to do so, was only 170,000 barrels per day (bpd) in June and would not grow much in 2019, also weighing on economic growth.While Trump has accused the Organization of the Petroleum Exporting Countries of driving up oil prices, Iran, ...

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First Published: Thu, July 12 2018. 21:01 IST
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