RIYADH — The Council of Ministers on Tuesday welcomed a US decision to end all Iran sanction waivers by May, saying it was a necessary step to halt Tehran’s “destabilizing” policy in the region and its support for terrorism around the world.

The weekly session of the Cabinet, chaired by Custodian of the Two Holy Mosques King Salman at Al-Yamamah Palace in Riyadh, emphasized the Kingdom’s firm position on the necessity of continuing global efforts to compel the Iranian regime to abide by the principles of international law, as well as to stop interference in the internal affairs of other countries and end its support of terrorism.

The Council also reiterated its firm policy of seeking stability in the oil markets, in a way serving the interests of both producers and consumers alike, and ensuring the stability and growth of the global economy.

Earlier Foreign Minister Ibrahim Al-Assaf also called for international pressure to be kept up on Tehran.

He reiterated a statement issued by the Kingdom’s energy minister on Monday that the world’s largest oil exporter would coordinate with other oil producers to ensure an adequate crude supply and balanced markets after Washington’s announcement. — SG