U.S. plan to cut Iran's oil exports to have global consequences: Iranian minister

TEHRAN–The U.S.' plan to cut down Iran's oil exports to zero would have a negative impact on the global oil market, Iranian Minister of Petroleum Bijan Namdar Zanganeh was quoted as saying by Tasnim news agency on Sunday. 
"We are taking measures to export Iran's oil and Iran will do what is necessary under any conditions," said Zanganeh. 
If the U.S. pressures make conditions difficult for Iran's exports, the conditions will also become more difficult for the world, he added. 

On Friday, Brian Hook, the U.S. State Department Representative for Iran, said "a well-supplied world oil market helps the U.S. maintain, or even tighten, sanctions on Iran without causing an oil price spike." Enditem 
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