Possible Return to Economic Warfare as Arab Anxieties Persist Over Iranian Influence
indicated that the economic conflicts between Iran and Saudi Arabia are far from over, notwithstanding the optimism that followed earlier OPEC meetings to which both the Iranians and the Saudis had participated. Early last month, it was suggested that Saudi Arabia had stepped back from its demand for Iranian participation as a condition of OPEC putting into effect a collective output reduction aimed at raising global oil prices, which remain at approximately half of last year’s levels. But those reports followed Saudi proposals for Iran to ...
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