Iran will not comply with ‘illegal’ US sanctions, says oil minister

File photo of Iranian Oil Minister Bijan Namdar Zanganeh speaking during a press conference in southern Iran. (AFP)

Iranian Oil Minister Bijan Zanganeh said on Thursday US sanctions against his country were “fully illegal” and Tehran would not comply with them.

Zanganeh, speaking at a joint news conference in Baghdad with Iraqi Oil Minister Thamer al-Ghadhban, said Iran would not discuss the volume or destination of its oil exports while it remained under US sanctions.

Ghadhban said Iraq had not yet reached an agreement with Iran to develop joint oilfields.

He also said the decline in global oil prices had stopped and that he expected them to improve gradually.

Last Update: 11:32 KSA 14:32 - GMT 11:32