In order to fill the void of Iranian oil due to U.S sanctions, Saudi Arabia intends to provide oil for all the former customers of Iranian oil and fully deliver on their orders in June.

According to Bloomberg, as the world’s largest oil provider, Saudi Arabia has received limited orders from the Iranian oil importers.

Currently, Saudi Arabia is exporting over 7 million barrels of oil a day and intends to continue exporting at this level. But the country is ready to increase its oil export if necessary.

Last month, after the U.S decision not to extend the sanction waivers for the eight customers of Iranian oil, Khalid Al-Falih, the energy minister of Saudi Arabia said that it doesn’t seem necessary for his country to increase oil production.

Riyadh is both trying to keep its ally, the United States, happy, and keep its alliance with other OPEC members.

In order to avoid crude oil shortage, Washington expects Saudi Arabia and other OPEC members to compensated for the absence of Iranian oil in the international oil market.

Washington’s decision not to extend the sanction waivers caused oil prices to relatively go up, and it also cause geopolitical tension between the oil-rich countries of the region.