Iran's petroleum minister said that "political issues should not interfere in the crude market, and supply and demand should determine the final oil price".
"It's an insult to the people and national sovereignty of these countries and it also destabilises the market", he added.
Abu Dhabi: Saudi Arabia has told Opec it pumped 10.488 million barrels per day (bpd) of crude oil last month, an increase of 458,000bpd from the level it said it produced in May, Opec sources told Reuters on Thursday.
"We are working to minimize disruptions to the global market, but we are confident that there is sufficient global spare oil production capacity", Brian Hook, the director of policy planning, said on July 2.
The oil sanctions come after OPEC and other supply-cutting countries agreed at a summit in June to reduce compliance from more than 150 per cent in May to about 100% starting this month.
Earlier this week, Trump lashed out at OPEC, accusing the oil organization of failing to help the USA to reduce domestic gasoline prices.
The president is right that oil prices are rising, and he's partly correct that OPEC is "doing little to help", insofar as OPEC isn't producing enough oil to cope up with market demand.
Thai cave rescue: All 12 boys and soccer coach freed
The drama in Thailand has even resonated as far as Russian Federation , where soccer's World Cup is reaching its final stages. Despite all the risks associated with the rescue, she says she never had any doubt that the boys would all make it out.
Money managers raised their bullish bets on U.S. crude in the week to July 3, the U.S. Commodity Trading Commission said on Monday. It said that the United States was "not granting waivers" to any country which was in business with Iran.
EU lawmakers gave approval on Wednesday for the European Investment Bank (EIB) to do business in Iran, overcoming a blocking attempt and keeping alive plans to save the 2015 nuclear deal with Tehran that Washington has abandoned.
The U.S.is reimposing sanctions on Iran, after President Donald Trump withdrew the U.S. from the Iran nuclear agreement in May.
Iran, OPEC's third-largest producer, is facing USA sanctions on its oil exports that are prompting some buyers to cut purchases.
In Canada, an outage at the 360,000-barrel per day (bpd) Syncrude oil sands facility reduced flows into Cushing, Oklahoma, the delivery point for US futures.
The message also reads that "the Korean government is negotiating with the United States to get exemptions from the restrictions on Iranian oil purchases".
South Korea halted all Iranian oil shipments in July for the first time in six years amid U.S. pressure.
In a statement to one tabloid, Caroline explained, "I'm sad to announce that Andrew and I have chose to part ways". Apprentice star Andrew also took to his Instagram page to reveal the news. "I wish her all the best".
A roadside system that detects if a mobile phone is in use in a passing vehicle is being piloted in a United Kingdom first. People using their phones while driving will be getting warning messages if they do so in Norfolk.
He said in the video that it was probably his "last message on earth". "I isolated myself from my family members", Knight said. Former UCLA player Billy Knight has died in Phoenix, the Mericopa County Medical Examiner confirmed.
Out of the three teams, however, the Sixers could definitely use Korver's three-point shooting to pair with J.J. Most notably, he seemed to have helped second-year small forward Cedi Osman with his three-point shot.
Novelist Shamsie, author of Home Fire , selected the Second World War classic from all of the winners of the 1990s. The victor was revealed at the Man Booker 50 Festival in London's Royal Festival Hall on Sunday.
I've engraved the Queen's head on a blob of gold and The Last Supper but I'm really proud of my portrait of Harry Kane . They worked in '98 and we worked today, we reached out target to get to the final.
Princess Charlotte took centre stage at her little brother Prince Louis's christening yesterday as she showed off her cheeky side. Coincidentally, William and Kate attended the wedding of Robert and Hannah on their own one-year wedding anniversary in 2012.
Dalic refused to confirm whether right-back Sime Vrsaljko would miss the game after the Atletico Madrid player came off in extra-time against Russian Federation . "We need all the players but those on the pitch must be fully fit".
They are charged with violating Section 3  [c] of the colonial-era law, which carries a maximum penalty of 14 years in prison. Yet the arrest failed to quash their story, which Reuters eventually published as a special report in February.
However, and to the general surprise, the duo was caught kissing passionately in the streets of NY as you can see HERE. Singer Justin Bieber and Hailey Baldwin indulged in public display of affection, locking lips at a public park.
Lord Carrington Dies Aged 99
Born Peter Carrington in 1919, the Eton-educated peer's son won the Military Cross as a tank commander with the Grenadier Guards in 1945.
India moves to second spot in ICC T20 rankings
Pakistan will now be heading into a five-match one day global series against Zimbabwe , slated to begin from July 13. D'Arcy Short, despite having an inconsistent run in Zimbabwe , moved into the top-10 for the first time.
Loris Karius makes awful error against Tranmere
He said: "No one likes that goal but, if we talk about that, then the second goal is Milly's [James Milner's] fault". Karius also made a highly publicised error in the warm-up to the game against Chester at the weekend.
JetBlue flight crew credited with saving life of French bulldog
These flight attendants are being hailed for looking after their passengers - no matter their species - during their time of need. They placed a breathing mask over Darcy's nose and mouth and, thankfully, she responded to the extra oxygen nearly immediately.
George Clooney reportedly hurt in Italian scooter crash
A photo tweeted by the local news outlet shows a motorcycle beside a slightly damaged Mercedes and a fire extinguisher. The couple have also been joined by George's parents, Nina and Nick Clooney, and Amal's mother Baria Alamuddin.
Caroline Flack calls off her engagement
Earlier today, both Caroline and Andrew confirmed that they are no longer together and made sure to wish each other all the best. Caroline Flack has announced that her engagement to Andrew Brady is over in an emotional statement confirming their split.
Yaşar Güler appointed as Turkey's new Chief of Staff
Hours later, Erdogan announced the make-up a new streamlined cabinet which included his son-in-law as finance minister. The role of prime minister has also been eliminated, and the president will now be able to pick his own Cabinet.
Emma Stone Stars In 'The Favourite' Trailer
The Crown's Olivia Coleman plays the role of Queen Anne with her advisor Lady Sarah played by Rachel Weisz . The cast includes Nicholas Hoult , Joe Alwyn , Mark Gatiss , Jenny Rainsford , and James Smith .
Steven Gerrard suggests Sadiq Umar deal is close
The 21-year-old spent the second half of last season on loan at NAC Breda in the Eredivisie, in which he netted five goals. Having broken into Roma's squad aged just 18, he's also scored twice for them in six senior appearances.