SMM News: on Saturday, local time, US Secretary of State Pompeo talked about oil prices, sanctions against Iran and other related issues at CNBC. He said sanctions against Iran would not trigger a "panic" on oil prices, while the window for dialogue with Iran remained open.
The United States is still willing to talk to Iran
He said Iran posed a "positive threat" to US interests because it caused chaos in the Middle East, but the White House "of course" welcomed the opportunity to negotiate with Tehran.
Speaking of Iran, Pompeo said, "Iran is the main destabilizing factor in the Middle East, and our goal is to solve this problem." Iran plays an important role in terrorism, allowing weapons to flow into unstable countries, while there has been a sharp increase in the number of military entities supported by Iran.
The main strategy of the United States to solve this problem is to impose sanctions on Iran. These economic constraints have made daily life difficult for Iranians, according to (IMF) data: inflation in Iran has soared to a staggering 40 per cent, possibly higher. The country's currency has fallen by about 60 per cent this year.
However, Pompeo believes that these sanctions are only aimed at Iran's rulers. Despite the open confrontation between Washington and Tehran, Pompeo reiterated that the White House was happy to accept Iran's proposal to resolve some of their differences.
International oil prices are lower than before the United States withdrew from the nuclear agreement
Some people in CNBC and elsewhere predicted that the withdrawal of the United States from Iran's nuclear agreement would cause crude oil prices to soar, but others who spoke to CNBC at the time predicted the opposite.
U.S. Secretary of State Pompeo says some "simple math" shows that global oil supplies have not been disrupted since the United States withdrew from the Iran nuclear deal.
Brent crude closed at $74.16 on May 8, 2018, compared with $70.80 on Friday. WTI crude was trading at $69. 06 last year, but recently closed at $61. 66.
Pompeo said the United States had begun to ensure that the global oil market was stable and had adequate supplies, and he was "confident" that the situation would continue.