Is Donald Trump on a relentless quest to corner Iran?

France’s President Emmanuel Macron left meets his Iranian counterpart Hassan Rouhani in New York

France’s President Emmanuel Macron left meets his Iranian counterpart Hassan Rouhani in New York

Russian Federation and Saudi Arabia will face "dire consequences" if they increase their oil production, the head of the state energy firm said.

Last week, Turkey's economy minister said his country does not plan to abide by the US demand for countries to stop importing Iranian oil, calling the request "nonbinding" on Turkey - a stinging rebuke from a North Atlantic Treaty Organisation ally.

The fall came as the Russian Energy Ministry said on Monday that the country's oil output increased to 11.06 million barrels per day in June from 10.97 million barrels per day in May.

Rising gasoline prices could create a political headache for Trump ahead of the November elections by offsetting Republican claims that his tax cuts and rollbacks of federal regulations have helped boost the economy.

The Trump administration is standing by its plan to reduce Iran's oil revenue to zero in a bid to isolate the country and force its leaders to change their behavior, a senior State Department official said Monday.

Several refiners in the largest oil market are looking at alternative supplies from Saudi Arabia to Iraq after the White House said it won't offer extensions or waivers to U.S. allies.

In the first weeks after the US withdrawal from the Iran nuclear deal and the re-imposition of sanctions on Tehran, India said that it would continue to import Iranian crude despite USA sanctions, because India only honors sanctions imposed by the United Nations, but not ones introduced by individual countries.

On Fox, Trump directed blame at the Organization of the Petroleum Exporting Countries, of which Saudi Arabia is the biggest producer.

Saudi Arabia's output is also on the rise and over the past few months, production has grown by 700,000 barrels per day, according to Reuters.

Iran will apply various methods to thwart the USA sanctions, Jahangiri said during a meeting of the resistance economy headquarters.

European countries have been attempting to negotiate exemptions for their firms, but the official confirmed that US President Donald Trump intends to stick to his deadline.

The global oil benchmark Brent traded at a premium of $3.68 a barrel to Dubai crude on Monday, down from an nearly four-year high of $4.61 a barrel in April, according to data from broker PVM Oil Associates. All comments are subject to editorial review.

Youth Soccer Team Found Alive After 9 Days Trapped in Thailand Cave
Colombia's James still doubtful for England game