Saudi Crown Prince to Trump: We've Replaced All Iran's Lost Oil

Saudi Arabia’s crown prince, facing U.S. pressure to tame surging oil prices, insisted that the kingdom is fulfilling promises to make up for Iranian crude supplies lost to American sanctions…

Trump is reimposing sanctions on Iran after quitting an agreement on the country’s nuclear program, and the measures will take full effect in November. While many – including Russian President Vladimir Putin – have blamed Trump’s actions for oil’s rally, the price is actually being driven by losses in other countries, according to Prince Mohammed.

https://www.rigzone.com/news/saudi_crown_prince_to_trump_weve_replaced_all_irans_lost_oil-5-oct-2018-157134-article/?utm_campaign=DAILY_2018_10_08&utm_source=GLOBAL_ENG&utm_medium=EM_NW_F1