Iran's OPEC governor, Hossein Kazempour Ardebili said that US will not achieve its' goal to drive Iranian oil exports down to zero.
Iran's OPEC governor, Hossein Kazempour Ardebili, told Reuters on Friday that a supply shortage showed that Washington would not be able to meet its' zero exports targetagainst Iran because there is no spare capacity anywhere.
US President Donald Trump is seeking to cut Iran's oil exports completely by November 4 as it re-imposes sanctions on the country.
An expected loss of Iranian oil, declining supply from another OPEC member, Venezuela, and other outages are boosting crude prices, which this week hit $80 a barrel, the highest since May.
US President Donald Trump officially declared America's withdrawal from the JCPOA on 8 May 2018, and decided to re-impose unilateral sanctions against Tehran.
He said the US policy is to levy “maximum economic pressure” on the country.
Trump also restated his opinion that the 2015 Iran nuclear deal was a “horrible, one-sided deal”.
It was despite the fact that IAEA verified Iran's commitment to the Joint Comprehensive Plan of Action (JCPOA).
In Sep. 10, IAEA Director General Yukiya Amano said that Iran is implementing its' nuclear-related commitments under the Joint Comprehensive Plan of Action (JCPOA).
Also in Jul. 05, IAEA chief Yukiya Amano stressed that Iran is living up to its commitments made under the 2015 international nuclear deal.