Iranian Oil Minister Javad Oji announced, according to the Reuters news agency, that “global energy markets need to increase the supply of oil and gas from Iran.”

Earlier, White House press secretary Karen-Jean-Pierre said in a statement released by Agence France-Presse that U.S. President Joe Biden “was clear that energy supplies must meet demand in order to support economic growth and drive down prices for American consumers, as well as around the world,” commenting on the recent decision of the Organization of the Petroleum Exporting Countries (OPEC+).

And OPEC+ has announced its agreement to cut oil production for the first time in more than a year as it seeks to raise prices that have fallen due to recession fears.

And oil producers will cut production by 100,000 barrels per day, which is only 0.1% of global demand, in the month of October, and they also agreed that they can meet at any time to adjust production until the next meeting scheduled for October 5th. as quoted by Reuters.”