The United States aims to reduce Tehran’s oil revenue to zero in an effort to force the Iranian leadership to change its behavior in the region and believes there is enough spare global oil capacity to make up for lower supply from Iran, a senior U.S. State Department policy adviser said on Monday.
Brian Hook, the State Department’s director of policy planning, told a news conference that the U.S. goal was to get as many countries as possible down to zero Iranian oil imports.
The United States would work with allies on a case-by-case basis but Washington did not plan to offer exemptions from sanctions, Hook added.
https://hedgeaccordingly.com/2018/07/us-global-oil-capacity-enough-to-make-up-for-iran-cutbacks/
