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Saudi Arabia will continue to increase oil production in order to achieve moderate prices.

The sanctions are expected to impact Iranian oil exports.

Saudi Arabia pledged in June to increase its crude oil production to help rein in prices.

Trump pushed US LNG exports as crucial to increasing European energy security.

The U.S. seeks to reduce Iranian oil exports to zero even for a month.

Oil prices jumped 2 per cent as US sanctions restricted Iranian crude exports.

The OPEC monopoly must get prices down now!`` Trump wrote on Twitter.

OPEC and non-OPEC countries had agreed to review current oil production as a countermeasure to the lack of Iranian oil caused by the US sanctions.

Iran argues one member has no right to steal the quota of another.

Compliance with supply cuts was 109% in July.