Saudi Arabia's oil production appears to be "ramping up" and can fill some of the demand shortfalls caused by sanctions on Iranian exports, CIA Director David Petraeus said on Tuesday.
Sanctions on Iran oil imports appear to be biting much more in recent weeks, he said at a Senate intelligence committee hearing.
China has reduced its imports of Iranian oil and "it remains to be seen whether that continues. It appears that Saudi Arabian production is ramping up and can fill some of the demand that might have been met by Iranian exports now that there are the sanctions on the Central Bank of Iran," Petraeus said.
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