Iran Foreign Minister: OPEC Departures Are Not Constructive, Negative Reaction

Iran’s Foreign Minister, Bekayi, stated that the exit of OPEC member countries from the organization is not a constructive step and will trigger a negative reaction in markets. Bekayi made the remarks during a press briefing, emphasizing OPEC’s role as a stabilizing force in global oil supply. He warned that if members were to leave, regional supply could increase and price volatility might intensify. The statement is closely monitored by investors and analysts, as OPEC’s production targets and membership policies directly influence macro‑economic indicators such as oil prices, currency rates, and inflation. Bekayi also highlighted that OPEC’s sustainable production strategies are critical for maintaining stability in the global energy market. He cautioned that independent production plans by countries that exit membership could heighten market uncertainty. This is not investment advice.