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U.S. Secretary of State Pompeo said Tuesday that the U.S. decision to restart sanctions on all purchases of Iranian crude oil has reduced international markets by nearly 2.7 million barrels a day.
In an interview with MSNBC News Channel, Pompeo said the U.S. government is confident that it can continue to promote its strategy.
After withdrawing from the Iranian nuclear agreement signed in 2015 last year, the United States re-imposed sanctions on Iran in November and terminated exemptions for countries and regions that imported Iranian crude oil in May this year, aiming at zero Iranian oil exports.
Iran exported about 100,000 barrels a day of crude oil in July, according to an industry source tracking the flow of oil exports and data from Lufut Eikon. If condensate oil is included, the export volume is about 120,000 barrels per day.
"We have succeeded in removing nearly 2.7 million barrels of oil from the market, depriving Iran of its resources to create terrorist activities around the world, and we have managed to keep the oil market in sufficient supply." Pompeo said.

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