OPEC President Edmund Daukoru visited Tehran as the third stop on his tour of OPEC producers.
Daukoru was quick to state that the present state of oil prices was not the fault of OPEC but rather a result of political tensions and refining shortages.
He reiterated that OPEC has crude spare capacities of more than 2 million barrels a day if needed.
Daukoru has called the current nearly $80 a barrel price "very uncomfortable" and in looking to deal with the issue.
Iran as the second largest supplier has oil traders worried. Iran is in a position to cut supplies if a U.N resolution is passed against its nuclear work or even if Israel attacks Iran's ally Syria as a part of the present Lebanese offensive.
Daukoru is in Tehran also for the purpose of discussing the dissent between Iran and Kuwait over the OPEc secretary-general post which has seen several acting secretary-generals since December 2003 when the last term ended.
The selection process for the post often reveals the political divisions between core OPEC members.
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