The president, in an interview with Fox News' "Sunday Morning Futures with Maria Bartiromo", also said he would not complete a new NAFTA trade deal with Canada and Mexico until after the November congressional elections.
"Our goal is to increase pressure on the Iranian regime by reducing to zero its revenue on crude-oil sales", said Brian Hook, the State Department's director of policy planning, at a briefing with reporters.
Over the weekend, US President Donald Trump tweeted that King Salman of Saudi Arabia agreed to increase oil production by 2 million barrels per day (bpd), "because of the turmoil & dysfunction in Iran and Venezuela", according to Trump's tweet.
Russian Federation shockingly eliminates Spain from World Cup in a shootout
Possession football appears to be a relic, ready for a display case in football's version of the Hermitage museum. The 38-year-old defender diverted a crossed ball into the net with his heel as he and Ramos got tangled up.
Last week, OPEC countries and other major oil producers that participated in the 2016 Vienna deal agreed on increasing production to one million barrels per day, which is the volume of the countries' over-compliance with the agreement.
Oil production, prices and politics require a delicate balance.
Trump said on Fox News' "Sunday Morning Futures" that European companies will face consequences as a result of the US withdrawing from the Iran nuclear deal.
After the USA withdrew from the Iranian nuclear deal in May, it said it would reimpose economic sanctions against Tehran by November.
Thousands protest in USA over migrant separations
The protesters moved across the street to the area of the Women of Service Military Monument, where speeches began. People are also marching in New York City and plan to walk across the Brooklyn Bridge .
OPEC's June output was 32.32 million barrels per day (bpd), a Reuters survey showed on Monday, up 320,000 bpd from May.
The global oil benchmark Brent traded at a premium of $3.68 a barrel to Dubai crude on Monday, down from an nearly four-year high of $4.61 a barrel in April, according to data from broker PVM Oil Associates.
Iranian Supreme Leader Ayatollah Ali Khamenei says he believes the United States sanctions are meant to turn the public against the government, and won't succeed. "Absolutely", the president responded when asked if the US would sanction European countries that do business with Iran. Off-topic, inappropriate or insulting comments will be removed.
Golf Roundup: Ancer, Molinari share lead at National as Woods stalls
So I'm seeing the lines again, I'm rolling the ball on my line, I've got the speed, and I really like the swing of this putter . Molinari first put the putter in play at the Players Championship and later in May won the BMW PGA Championship with it.