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It's advantage Iran in oil price battle with Saudi Arabia

Riyadh now offering a deal to boost prices, Tehran is dragging its feet. At the centre of the reversal: contrasting thresholds for enduring pain
Wednesday, September 28, 2016 - 05:50

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The biggest oil exporter has swapped its traditional role as price dove with regional foe Iran, for years Opec price hawk.

London

SUDDENLY the tables have been turned on Saudi Arabia.

The biggest oil exporter has swapped its traditional role as price dove with regional foe Iran, for years Opec price hawk. The government in Riyadh is now offering a deal - including its first output cut in eight years -

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