Regional rivalry between Saudi Arabia and Iran could scuttle OPEC production deal
Bad blood between Saudi Arabia and Iran could threaten to halt yet another OPEC production deal. Reports from Reuters indicate that Saudi Arabia has threatened to increase production even further in an attempt to damage Iran’s oil profits if the Islamic Republic does not agree to cap its production near current levels. This would be the second time that a disagreement between the two regional rivals sunk a wider OPEC production deal.



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