Iran says Saudi claims to replace its oil 'unbelievable'

Iran's oil minister said on Monday that the market will never believe "exaggerated" claims by Saudi Arabia that it can replace Iranian oil shipments lost due to renewed US sanctions. "Such exaggerations might please Mr Trump, but the market will never believe them," Bijan Namdar Zanganeh said, according to the oil ministry's SHANA news site. "These statements were made due to Mr Trump's pressure on Saudi authorities.

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