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>> US president, Donald Trump's effort to halt Iran's oil exports met with a swift threat, Thursday. The OPEC nation saying it will retaliate by blocking the Strait of Hormuz to all nations who pass through it, potentially closing one of the world's most important oil passages. Iran announcing the Strait will be, quote, for all or for no one, according to the country's Tasnim News Agency.
This comes after Trump on Wednesday, took a swipe at OPEC, tweeting, they are driving prices higher as the United States defends many of their members for very little money. This must be a two way street. Reduce pricing now. The Iranian OPEC governor hit back with this message for Trump.
Quote, your tweets have increased the prices by at least $10. Please stop this method. His retort quoted in the Iranian oil ministry's news agency, SHANA. Trump has been urging OPEC to stabilize prices with more supply, as higher prices at the pump could create a headache for him ahead of November's midterm elections.
Just days ago he called on Saudi Arabia to increase oil output. A move Iran claimed was meant to intensify tensions between it and OPEC's biggest member. Trump has also called on European allies to stop buying oil from Iran as it looks to impose sanctions on the country, having pulled the US out of the Iran nuclear deal in May.
On Friday, the remaining signatories of the Iran deal will meet in Vienna, to discuss how to keep the accord alive after the US withdrawal.