The apparent support from the strategic Opec member state comes after Saudi Arabia, Russia, Qatar and Venezuela earlier this week agreed to freeze output at January levels, but only if other producers also agree to do so.

Iranian Oil Minister Bijan Zanganeh said after a meeting on Wednesday in Tehran with counterparts from Iraq, Qatar and Venezuela that Iran is "happy to accommodate any action to stabilise the market and support (oil) price recovery," according to a translation of a report from Iranian Oil Ministry news agency Shana.

Zanganeh