U.S. attempts to drive Iranian oil exports down to zero come against the backdro...
SINGAPORE - U.S. attempts to drive Iranian oil exports down to zero come against the backdrop of a global market that is sufficiently well supplied to avoid price disruptions, senior U.S. officials said on Thursday.
The comments came three days after the United States demanded importers halt oil purchases from Tehran from May - or face punitive action. U.S. President Donald Trump has expressed confidence that Saudi Arabia and the United Arab Emirates would compensate for the shortfall in the oil market.
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