Pezeshkian says US military intervention in Persian Gulf disrupts global energy marke
Pezeshkian says US military intervention in Persian Gulf disrupts global energy markets
M.U.H
28/10/202615
Moscow: President Masoud Pezeshkian says that US military intervention in the Persian Gulf is disrupting global energy pricing, supply and transit, warning that its consequences extended far beyond regional countries and threatened international energy security and economic growth.
Addressing the eighth summit of the Gas Exporting Countries Forum (GECF) in Moscow on Tuesday, Pezeshkian said the meeting was taking place at a time when geopolitical developments had created serious challenges for global energy security.
He said the US-Israeli wars against Iran at two separate stages, while political negotiations were underway, had been among the dangerous developments threatening international security. The attacks had damaged Iran’s energy facilities and disrupted energy transfers, putting global energy security and the world economy at risk, he added.
“Today, US military interventions in the Persian Gulf do not affect only regional actors; by creating serious shocks, they disrupt energy pricing, supply and transit and put global economic growth at risk,” Pezeshkian said.
The president also condemned unilateral sanctions against countries and the “US economic terrorism” through a naval and air blockade against Iran. He said Washington was also pressuring other countries to comply with the blockade, further threatening the stability of international energy markets.
Pezeshkian described these measures as illegal, calling on major energy suppliers around the world to condemn them and take effective action to counter their consequences.
The president said Iran, as a founding member of the GECF and the holder of the world’s second-largest proven natural gas reserves, was prepared to play a more active role in advancing multilateral diplomacy, exchanging technical knowledge and experience, and developing investment opportunities in gas infrastructure within the forum.
He said Iran’s strategic location at the heart of some of the world’s most important energy corridors gave it significant potential to strengthen global energy resilience and contribute to more secure energy supplies.
Iran’s existing natural gas industry capabilities also offered opportunities for private-sector cooperation among GECF member states across upstream and downstream activities, as well as natural gas trade, he added.
Pezeshkian invited foreign investors to benefit from incentives and facilities available in Iran’s oil, gas and petrochemical industries, saying they could take advantage of the country’s substantial potential within a framework of mutual interests.
He said constructive cooperation among gas-producing countries could help ensure security of supply and demand, establish fairer pricing for natural gas and increase its role in the global energy mix while taking environmental considerations into account.
