Trump’s choice has faced opposition of the international community.

A non-oil trade surplus of $12.54 billion was registered in favor of Iran during the period.

Crude oil prices have been moving higher since last month and are up 33 per cent in the year to date.

Iran has threatened that it will close Hormuz Strait if US blocks the country'.s oil exports.

The US decision damages regional cooperation and Turkey’s trade relations.

Venezuela had its eyes on India to try to make up its shortfall.

China has alternative oil suppliers including the United States and Saudi Arabia.

Most of Iraq'.s southern fields in Basrah are operated by international oil companies.

Islamic Republic of Iran has fulfilled its commitments within the framework of Joint Comprehensive Plan of Action (JCPOA) fully.