Iran will respond if other OPEC members threaten its interests, Oil Minister Bijan Zanganeh said on Thursday amid rising pressures from Washington to bring Iranian crude sales to zero with the help of Tehran’s regional rivals. The United States has demanded that buyers of Iranian oil stop purchases by the start of May or face sanctions, ending six months of waivers that had allowed OPEC member Iran’s eight top customers, most of them in Asia, to import limited volumes. Saudi Arabia has welcomed the U.S. move to end all Iran sanction waivers and has said it is ready to meet oil consumers’ demand by replacing supplies from Tehran. After a meeting with OPEC Secretary-General Mohammad Barkindo in Tehran, Zanganeh warned that OPEC might “collapse” because of “unilateral actions” by some members, in an obvious reference to Saudi Arabia. “Iran is a member of OPEC because of […]