DUBAI: Saudi Arabia has welcomed US Foreign Minister Mike Pompeo’s announcement that waivers on the sanctions on Iranian oil exports will be lifted, Saudi state agency SPA reported. Saudi Arabia believes the US decision is a necessary step to pressure the Iranian government to stop jeopardizing peace and end their global support for terrorism, the Saudi Foreign Minister, Ibrahim bin Abdulaziz Al-Assaf, said. The Iranian regime uses the country’s income to finance dangerous policies without any consideration for international law, the minster added. International pressures on Iran must continue until it stops interfering in the domestic affairs of other countries, he stressed. Saudi Arabia will continue their strict adherence to the policies, which aim to stabilize international markets, and will not produce oil beyond the balance, Al-Assaf said. The Kingdom will cooperate with other oil producing countries to produce enough oil for consumers, he added.