Iran’s oil minister hit out on Wednesday against the use of oil sanctions “as a weapon” by the United States and the damage it was doing to OPEC, according to SHANA, the news outlet of the OPEC member’s oil ministry. Oil prices hit their highest since November in recent days after Washington said all waivers for those importing sanctions-hit Iranian oil would end this week, pressuring importers to stop buying from Tehran and tightening global supply. Another OPEC founding member, Venezuela, is also the subject of U.S. sanctions on its oil exports to bring about political and economic change. “Those who use oil as a weapon against two founding members of OPEC are disturbing the unity of OPEC and creating […]