United States President, Donald Trump, said in a tweet on Monday that Saudi Arabia and other OPEC nations could “more than make up” for any drop in Iranian oil supplies to global markets.
This follows his administration decision to end waivers that allowed some nations to buy Iranian oil without facing U.S. sanctions.
“Saudi Arabia and others in OPEC will more than make up the Oil Flow difference in our now Full Sanctions on Iranian Oil,” Trump said on Twitter.