SHANA � Iranian Minster of Petroleum Bijan Zangeneh said on Wednesday that the oil market could not be managed by mere US statements.

Addressing a press conference on the sidelines of the 24th Iran Oil Show, he said, �Global affairs are not as easy as thought by the US and its instigators. The oil market could not be controlled by mere statements.�

�The fragility of the oil market could not be compensated for by speeches and showmanship and creating psychological atmosphere,� he added.

Zangeneh also said US OPEC allies had been �overstating their spare capacity� in claiming that they would supply enough oil on the market once Iran�s oil has been driven out of the market under US sanctions.