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In Opec's high-stakes poker game, Iran and Iraq call Saudi's bluff

Neither Teheran nor Baghdad is as dependent on oil prices as Riyadh

Together, Iran and Iraq pump more than eight million barrels a day. Saudi Arabia remains the largest producer at more than 10.5 million barrels a day.


FOR decades, Saudi Arabia has had its way at Opec. All of a sudden the position has turned: Riyadh finds its power waning against a resurgent Iran and Iraq.

As Organization of Petroleum Exporting Countries ministers meet on Wednesday, Saudi Arabia is trying to reassert its...

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