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Iran supports ‘reasonable’ prices
May 7, 2018
Source: Bloomberg

Iran supports ‘reasonable’ prices

Iran protested against higher oil prices, while being faced with a possible restoration of U.S. sanctions. This signals a split with fellow OPEC member and political rival Saudi Arabia. Oil Minister Bijan Namdar Zanganeh has said that Iran supports “reasonable” oil prices and is not an advocate of costlier crude.

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