Saudi Arabia says it will only agree to freeze production if joined by Iran

Oil prices slid last Friday and continued to trend downward today following news that Saudi Arabia will only freeze its production if fellow OPEC member and regional rival Iran agrees to do the same. The news diminished hopes that a deal would be reached later this month in Doha between both OPEC and non-OPEC producers.

Saudi prince Mohammed Bin Salman said during an interview the kingdom was ready to join a freeze, but only if all parties agre...

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