Reuters: Oil producing nations are suffering in the same way as oil consumers due to the weak U.S. dollar and increases in production costs and want to work with them to find a stable oil price, Iran said on Wednesday.
UNITED NATIONS, July 2 (Reuters) – Oil producing nations are suffering in the same way as oil consumers due to the weak U.S. dollar and increases in production costs and want to work with them to find a stable oil price, Iran said on Wednesday.
Speaking to reporters during a visit to the United Nations, Iranian Foreign Minister Manouchehr Mottaki also said that the price of oil has been behaving "in a very unnatural manner in the past several months" due to the weak U.S. dollar, market speculation and threats confronting the Middle East region. (Reporting by Louis Charbonneau)
