Muscat (Newsweek Middle East)“ A day after Irana’s Oil Minister Bijan Namdar Zanganeh ridiculed a decision by the Organization of the Oil Petroleum Exporting Countries (OPEC) to freeze oil output, the Islamic Republics Ambassador to Oman said his country is committed to OPEC’s oil output freeze decision.

Speaking on the sidelines of Irana’s Capital Market Roadshow in Muscat on Wednesday, Ali Akbar Sibeveh said his country is working with OPEC in favor of the oil market.

It is in everyone’s best interest if the oil market flourishes, Sibeveh told Newsweek Middle East following his speech at How to Invest in Irana’s conference.

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