Trump says Saudis must compensate for drop in Iran oil supply

'Don’t forget the one negative to the Iran deal is that you lose a lot of oil, and they got to make up for it'

Image Credits: Gage Skidmore, Flickr.

President Donald Trump lashed out at OPEC with a warning to stop manipulating oil markets and piled pressure on U.S. ally Saudi Arabia to raise supplies to compensate for lower exports from Iran.

Trump said in a tweet on Saturday that Saudi Arabia’s King Salman bin Abdulaziz Al Saud had agreed to produce more oil.

The White House later walked back the president’s comments, saying the king had said his country could raise oil production if needed.

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