Iran's Oil Minister Bijan Zanganeh said that the global oil market was in a normal condition following an attack on Saudi oil infrastructure earlier this month.
There is currently a little surplus on the supply side of the oil market, he told reporters. He added that Tehran was not taking any steps to increase tensions in the Gulf region.
"We always try to keep the security of the Persian Gulf and stability and peace in the region," Reuters cited him as saying.
Iran and Saudi Arabia have repeatedly clashed at OPEC meetings over output policies, and tensions between the two countries intensified as Saudi Arabia blamed Iran for an attack on Saudi oil facilities on Sept. 14., a charge Tehran denies.
