Bijan Zanganeh condemned the USA president for trying to politicize the decisions of the Organization of the Petroleum Exporting Countries (OPEC).
"But some political measures and instabilities spark concerns in the oil market and increase its price, including Trump's insulting order to some OPEC members", Zanganeh said.
"It's an insult to the people and national sovereignty of these countries and it also destabilises the market", he added.
South Korea will not lift any Iranian crude and condensate in July for the first time since August 2012 amid US pressure to cut all imports of Iranian oil from November, three sources familiar with the matter said on Friday.
Earlier this week, Trump lashed out at OPEC, accusing the oil organization of failing to help the United States to reduce domestic gasoline prices.
On Wednesday Trump took to Twitter to accuse Opec of "driving prices higher" and insisted there "must be a two way street".
In Canada, an outage at the 360,000-barrel per day (bpd) Syncrude oil sands facility reduced flows into Cushing, Oklahoma, the delivery point for USA futures.
Widow of Nobel dissident Liu Xiaobo 'leaves China' Chinese authorities have insisted Liu Xia, who has not been formally charged of any crime, has been free to move as she wishes. China has been seeking to bolster its ties with the European Union amid a trade war with the United States.
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Iran, the fourth-largest oil producer, accounts for five per cent of global oil supply and cutting its exports to zero could push oil up by $50 barrels per day (bpd) if Saudi cannot keep up, said analysts at BofA Merrill Lynch Global Research. This statement comes in the wake of fresh sanctions on Iran after US President Donald Trump made a decision to pull out of the nuclear deal with Iran. Now after the United States pulled out from the Iran Nuclear Deal, India has been in a dilemma over India-Iran trade especially that of oil.
On Saturday, a petroleum ministry official told state-run IRNA news agency that the USA sanctions against Iran's oil exports will weaken the OPEC. He said that Iran has helped India significantly on strategic issues like energy and connectivity yet India has not kept up its promises of investment in the Chahbar port.
"Iran's oil will not lose its customers because a lot of companies are buying oil from the country", said Moayyed Hosseini Sadr, the ministry advisor.
The oil minister accused U.S. President of insulting OPEC by ordering it to increase production and reduce prices, adding that Iranian output and exports had not changed as a result of U.S. pressure, Reutersreported. The US has directed all countries to stop all their oil imports from Iran by November 4 in a bid to isolate Iran's funding channels.
"The embassy of the Republic of Korea denies any claims that it would not lift any Iranian crude and condensate in July", the South Korean embassy responded to the report. "South Korea overall is lifting zero oil (from Iran) for July loading".
An Air Force Reserve reconnaissance aircraft was scheduled to investigate the disturbance Wednesday afternoon, if necessary. Meanwhile, Beryl's tropical wave is bringing gusty wind and some heavy rain to Hispaniola and the Tucks and Caicos.
Harry Aubrey-Fletcher: He went to Ludgrove School and Eton with William and his father is the Lord Lieutenant of Buckinghamshire. Guests were served slices of christening cake, which is a tier taken from The Duke and Duchess of Cambridge's wedding cake.
If Real Madrid do indeed want to sign Hazard , they will certainly have to shell out staggering sums of money to do so. Subsequently, Hazard sent a number of Chelsea fans into a anxious frenzy with his statements.
So what if she's still getting her game in gear? So what if Giorgi wouldn't seem to miss while moving out to that early lead? "No. I'm always striving for perfection. "But when it actually happens, it still is, like, 'Wow, this is really happening'".
Pakistan's Election Commission has asked the military to help hold a "free and fair election" in the face of security threats. Local television channels broadcast live scenes of ambulances arriving at the site and rushing victims to the hospital.
Ronaldo, 33, explained his Juventus transfer in an open letter to Real Madrid fans that the club published on its website. He spent six seasons in England, winning three Premier League titles, one Champions League title and one FA Cup.
Sophie, 32, who appeared on the second series of Love Island , and was a former Miss Great Britain, died on June 20. George's Church in Jesmond, a suburb of Newcastle, England, in a private family service.
George Clooney recovering after scooter accident in Sardinia
According to Corriere , Clooney was "hospitalized" after the incident and his condition is "confidential" but not serious. George Clooney has been rushed to hospital after his scooter collided with a vehicle in Sardinia , local media report .
Operation To Rescue Boys Trapped In Thai Cave Resumes
An ambulance believed to be carrying one of the rescued schoolboys leaves from Tham Luang cave complex on day two of the rescue. Relatives say the boys had been inside the cave during the dry season, when the labyrinthine complex is easier to navigate.
South Africa's Van Rooyen leads Irish Open by 4
I could take my tee-to-green game straight to the Open in a couple weeks' time and be happy where that is. If I had 100 putts every week I played and hit the ball halfway decent, I'd win every week".
Live Stream, TV Schedule for Tuesday's Semi-Final Game
It is a tactic that has become a hallmark of both Manchester City and Tottenham Hotspur over the last two years. The midfielder took a corner kick from the right side on the play, bending a pass toward the near post.