Iran’s OPEC Governor Hossein Kazempour is on the wires now, via Reuters, speaking about the US sanctions on Iran and prospects of oil output boost by Saudi Arabia.
Key Headlines:
It is “crazy and astonishing” that the US asked Saudi Arabia to cover the shortfall in Iranian oil exports.
Oil could reach $140 per barrel following the US sanctions on Iran, Venezuela.
No one in OPEC will accept sanctions against two founder members.
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