The United States won’t be able to bring Iranian oil exports to zero because the other producers can’t offset the loss of all of Iran’s oil barrels in an already tight market, Iran’s OPEC governor Hossein Kazempour Ardebili told Reuters on Friday. According to Kazempour—whose position as Iran’s OPEC governor makes him the second most senior member after the oil minister at OPEC meetings—an already emerging “supply shortage” and little spare capacity virtually everywhere means that the United States can’t achieve its goal of bringing Iranian oil exports down to zero when sanctions on Iran’s oil industry return in early November. “There is no spare capacity anywhere,” Kazempour told Reuters. Earlier this week, Iran’s First Vice President Eshaq Jahangiri said that Iran’s oil sales will “never reach zero,” the Iranian oil ministry’s news service Shana reported . The official admitted that Iranian oil exports would drop, but reiterated Iran’s […]