Oil will soon cost $100 per barrel due
to supply disruptions caused by U.S. President Donald Trump, Iran's
OPEC Governor told Reuters on Thursday, as he warned expectations that Saudi
Arabia and Russia would help bring down prices were in vain.
Trump again accused the Organization of
the Petroleum Exporting Countries of driving fuel prices higher on Wednesday,
and urged U.S. allies such as Saudi Arabia to pump more if they wanted
Washington to continue protecting them against their top foe Iran.
Iran, OPEC's third-largest producer, is
facing U.S. sanctions on its oil exports that are prompting some buyers to cut
Iranian OPEC Governor Hossein Kazempour
Ardebili has said that Trump should have expected that when
Iranís access to the global marketa is blocked, it would end up as "hostage
(to) Saudi Arabia and Russia", who he said had little vested interest in
bringing down prices.
"The responsibility of paying
unnecessary prices for oil by all consumers of the whole world, especially in
U.S. gas stations, is solely upon your (Trump's) shoulders and the price of
over $100 per barrel is yet to come," Kazempour said.
The leader of Saudi Arabia, OPEC's biggest
member, has assured Trump that the kingdom can raise oil production if needed,
and that the country has 2 million barrels per day of spare capacity that could
be deployed to help cool oil prices to
compensate for falling output in Venezuela and Iran.
Trump has been complaining about OPEC at the
same time that Washington is piling pressure on its European allies to stop
buying Iranian oil.
Iran has threatened to block oil exports through
a key Gulf waterway in retaliation against any hostile U.S. action.
Kazempour said: "We are neighbours and will
remain so, we know we can and we must live together. No one wants you (Trump)
to protect anybody... You are fighting with everybody, Sir, since you came to