If Saudi Arabia commits to increase oil production for Trump's Iran sanctions policy, it could destroy the kingdom's leverage in OPEC
news article reports only that the U.S. was negotiating with Saudi Arabia and UAE to increase oil production, not that there was an agreement., U.S. Secretary of State Mike Pompeo may announce as early as Monday, April 22 that the United States will no longer grant exemptions to countries importing Iranian oil in contravention of the U.S. sanctions.
If Saudi Arabia comes into the June meeting in Vienna already having made a commitment to the United States that it will produce at a certain level, then it loses any leverage to compel other countries to control production. Even if Saudi Arabia does not have such an agreement with the United States, but the world believes that Saudi Arabia does, the kingdom's negotiating power in Vienna will be hampered.
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