Iran says looking for exemption from any oil output cuts - Reuters

Iran is looking to be exempted from any OPEC oil output cuts because of US sanctions, Iranian Oil Minister Bijan Zanganeh told reporters ahead of Thursday’s OPEC meeting.

The cartel ad its non-OPEC ally Saudi Arabia is expected to announce output cuts to help shore up prices and curb excess supplies. 

Key quotes

• We should be excluded from any decision about the level of production in the future till the lifting of the imposed illegal sanctions.
• Iran is not going to leave OPEC
• Iran unhappy that Qatar is leaving OPEC