Iran says oil market is too tight for U.S. zero exports target
Washington is seeking to cut Iranian oil exports to zero by November as it reimposes sanctions, and is encouraging other producers such as Saudi Arabia, other OPEC members, and Russia to pump more to meet the shortfall.
"There is no spare capacity anywhere," he said.
Under pressure from U.S. President Donald Trump to lower oil prices, the Organization of the Petroleum Exporting Countries and allies agreed in June to boost production, having participated in a supply-cutting deal in place since 2017.
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