“From now on, Iran will trade oil only in euros,” Bijan Zanganeh told reports on the sidelines of Iran-India business conference at Tehran Chamber of Commerce. Earlier, Tehran and New Delhi inked new contracts for additional Iranian oil exports to India with Minister Zanganeh saying that Tehran was ready to increase oil exports to India. “We hope that India’s imports of oil from Iran will increase now that the sanctions have been removed,” Bijan Zanganeh told his visiting Indian counterpart Dharmendra Pradhan in Tehran. When asked whether Iran would attend the April 17 meeting of OPEC oil ministers in Doha to discuss a proposed oil output freeze at January levels, Bijan Zanganeh was noncommittal saying only that the meeting was still “a way off.” Iran has refused to cap its oil output and export saying it will keep increasing its crude exports until it has reached levels attained before […]