We will collectively make a pledge to have the spare capacity available if needed, but I don't believe it is needed,

We hope that will assure the market. We are working on the exact wording.

There is nothing like an absolute price level. You cannot decree an absolute price; everything is subject to market forces, and market forces cut both ways.

But mainly it's the threatening statements being made against Iran as a result of its nuclear program.

OPEC is not part of the misunderstanding between Iran and the Western democracies.

The two are moving in parallel but there is no meeting point.