“Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in Iran and Venezuela, I am asking that Saudi Arabia increase oil production, maybe up to 2,000,000 barrels, to make up the difference,” Trump announced in an early morning tweet, adding “Prices to high! He has agreed!”
Just spoke to King Salman of Saudi Arabia and explained to him that, because of the turmoil & disfunction in Iran a… https://t.co/xxFxafSl3H
— Donald J. Trump (@realDonaldTrump) 1530358623000
The announcement comes in the backdrop of US’ assertion of ‘zero tolerance’ against any country or entity that flouts its diktat to stop buying crude from Iran beyond a November 4 deadline.
Iran being its third largest supplier of oil, India is poised with a possible oil problem after the deadline. Saudi Arabia, India’s second biggest supplier along with Kuwait and Iraq are expected to cover the shortage
(With AFP inputs)