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US, Saudis Seeking to Reduce Iran's Oil Market Share in East Asia

US, Saudis Seeking to Reduce Iran's Oil Market Share in East Asia US, Saudis Seeking to Reduce Iran's Oil Market Share in East Asia

The United States of America and its regional ally Saudi Arabia are making a lot of efforts to squeeze Iran's share in its traditional oil markets in East Asian countries.
“Saudi Arabia has entered into negotiations with Iran’s traditional oil customers and tries to claim a bigger market share in Southeast Asia,” Mohammad Reza Moqaddam, the former director of research and technology at the Oil Ministry, was quoted as saying by Mehr News Agency on Saturday.
Moqaddam noted that Saudi Arabia’s oil output is being used as a leverage for the realization of US hostile policies against Iran, adding that the new National Security Strategy unveiled by US President Donald Trump in December focuses on putting economic pressure on Iran by reducing the country's share in oil and gas export markets.

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