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Saudi-Iran tensions threaten oil deal
Saudi Arabia wants all Opec members to take part in output freeze but Iran seeks to regain market share after the lifting of Western sanctions
Published Sun, Apr 17, 2016 · 09:50 PM
Doha
SAUDI Arabia demanded on Sunday that Iran join a global deal on freezing oil output, jeopardising an agreement between Opec (Organization of the Petroleum Exporting Countries) and non-Opec producers that was supposed to help ease a glut and prop up the price of crude.
Some 18 Opec and non-Opec countries, including Russia, had been due to meet on Sunday morning in the Qatari capital of Doha and rubber-stamp a deal - in the making since February - to freeze output at January levels until October 2016.
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