Iran’s OPEC Governor Says Saudi Arabia and Russia Have Taken Oil Market “Hostage”

(From Reuters)

Iran’s OPEC governor said on Saturday that Saudi Arabia and Russia have taken the oil market “hostage” as U.S. President Donald Trump seeks to impose fresh sanctions on Iranian oil sales. . . .

“Russia and Saudi Arabia claim they seek to balance the global oil market, but they are trying to take over a part of Iran’s share,” Hossein Kazempour Ardebili was quoted as saying by SHANA, the oil ministry’s news agency.

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