OPEC chief visits Iran as US sanctions waivers expire

The visit is another sign of support for Iran in the face of US sanctions, but for ordinary Iranians, it may not be enough.

by

    OPEC Secretary-General Mohammed Barkindo visited Tehran for an oil and gas expo just hours before sanctions waivers the US granted to Iran's biggest oil customers were set to expire.

    The OPEC chief visit came as China, Turkey and Iraq said that they cannot abide by the unilateral US sanctions and would continue doing business with Iran and one Russian executive claimed that they have been encouraged to do business with Iranian companies.

    However, the Iranian economy is already struggling and prices are soaring; the expiration of the sanctions waivers mean the situation has become even more precarious.

    Al Jazeera's Zein Basravi reports from Tehran.


    YOU MIGHT ALSO LIKE

    'We were forced out by the government soldiers'

    'We were forced out by the government soldiers'

    We dialled more than 35,000 random phone numbers to paint an accurate picture of displacement across South Sudan.

    Interactive: Plundering Cambodia's forests

    Interactive: Plundering Cambodia's forests

    Meet the man on a mission to take down Cambodia's timber tycoons and expose a rampant illegal cross-border trade.

    Pakistan's tribal areas: 'Neither faith nor union found'

    Pakistan's tribal areas: 'Neither faith nor union found'

    Residents of long-neglected northwestern tribal belt say incorporation into Pakistan has left them in a vacuum.