Iran Press/Iran news: “I believe they (Saudi Arabia and the UAE) are overstating their oil capacities,” Bijan Zanganeh said in reaction to expectations that the two countries would fill any supply gap caused by a tightening of US sanctions on Iran.
Statements by the Washington that it would reduce Iran’s oil exports to zero are not a “political bluff” but once again the US administration showed a new face of its animosity towards Iran, Zanganeh noted according to Iran Press.
White House threatened the buyers of Iranian oil with sanctions if they fail to stop their purchases by May 1, ending six months of waivers which allowed Tehran’s eight largest customers to continue importing limited volumes.
Saudi Arabia and several US allies claimed that they can replace the lost barrels.
Saudi Energy Minister Khalid al-Falih said the kingdom would work with other oil producers to “ensure adequate supplies are available to consumers while ensuring the global oil market does not go out of balance.”
Iran said that it will not allow any country replace its oil sales in the global market.
"The Islamic Republic of Iran will not allow any country to replace Iran in the oil market. The United States and those countries will be responsible for any consequences," Iranian Foreign Ministry spokesman Abbas Mousavi said. 101/213
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Tehran does not let any country replace Iranian oil in market
