President Pezeshkian Says U.S. Naval and Air Blockades Destabilize Global Energy Markets.
On Tuesday, Iranian President Masoud Pezeshkian branded U.S. actions that cause dangerous surges in hydrocarbon prices on the world market as “economic terrorism.”
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“Economic terrorism, in the form of the U.S. naval and air blockade against Iran, in addition to Washington’s pressure on other countries to comply with this blockade, are illegal actions that seriously destabilize energy markets,” he said during his address at the summit of the Gas Exporting Countries Forum (GECF), the so-called “gas OPEC.”
Pezeshkian also pointed out that U.S. military interventions in the Persian Gulf region not only affect regional actors but also disrupt the process of energy pricing, supply and transportation, which threatens global economic growth.
The Iranian leader then invited international investors to do business with the Persian nation. “Foreign investors can, without running any risk, take advantage of incentives and benefits that we offer in the oil, gas and petrochemical sectors,” he stressed.
🇶🇦🇷🇺🇮🇷 Qatar’s Emir Tamim joins Vladimir Putin and Iranian President Masoud Pezeshkian at the eighth Gas Exporting Countries Forum summit in Moscow. Ahead of the group photo, Tamim held separate talks with Pezeshkian: Qatar’s published account lists Hormuz, energy supplies and… pic.twitter.com/g1ipI3Z0Ux
— Gölge Veri (@golgeveri) October 27, 2026
Pezeshkian highlighted that, despite the sanctions imposed on Tehran, Iran was able to increase its natural gas production capacity to 300 billion cubic meters per day.
Commenting on the Iranian leader’s speech, Russian President Vladimir Putin agreed that “illegal sanctions” only have harmful consequences.
“You drew attention to the illegal sanctions that some countries impose in the energy sector. I completely agree that they only have harmful consequences for all market actors, both producers and gas exporters,” he said.
teleSUR/ JF
Source: EFE
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