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Tuesday 20th March 2018

Qatar Reduces Trade Volume with Iran on US Pressure

Business

7Dnews London

Thu, 23 May 2019 11:11 GMT

The Chairman of the Iran-Qatar Chamber of Commerce, Adnan Mousavi Bor, said on Wednesday May 22nd that the Qatari government has reduced its volume of trade exchanges with Iran, at the request of the US Treasury Department.

"Qatar has reduced trade with Iran, limiting this to medical and food items only at the request of the US Treasury," Mousavi added in an interview with the Iranian Labour News Agency (ILNA). 

"The Qataris told us that they could only ship food and medicine to Iran from now on." 

He pointed out that the Qatari authorities also informed Iran that “until recently they had difficulty in providing their agricultural and food items." 

"Three to four days ago, we heard Qatari whispers about the implementation of US sanctions," he said. 

The Iranian official said that the US has imposed new restrictions on trade between Iran and Qatar, according to Eremnews. 

"Before Ramadan, Iranian Foreign Minister Mohammad Jawad Zarif travelled to Qatar and we do not know what happened in Doha during the talks with Qatari officials," he added. 

He expressed his surprise at the Qatari stance, saying "we do not know why Qatar has taken these measures despite the good relations between the two countries.” 

Qatar and Iran have a close economic relationship which affects their diplomatic relations, particularly in the oil and gas industries. A big portion of Qatar's oil comes from a field that is related to Iran. 

The United States has demanded that buyers of Iranian oil stop purchases by May 1st or face the prospect of sanctions, ending six months of waivers that had allowed Iran’s biggest customers to import limited volumes. 


Middle East