Saudi Arabia will only freeze oil production if Iran joins

  01 April 2016    Read: 735
Saudi Arabia will only freeze oil production if Iran joins
Saudi Arabia will only freeze its oil output if Iran and other major producers do so, the kingdom
The warning by Mohammed bin Salman, 30, who’s emerged as Saudi Arabia’s leading political force, leaves the outcome of a meeting between OPEC and other big oil producers this month in question. Iran has already said it plans to boost its production after the lifting of sanctions following a deal to curb the country’s nuclear program.

"If all countries agree to freeze production, we’re ready," bin Salman said in an interview with Bloomberg. "If there is anyone that decides to raise their production, then we will not reject any opportunity that knocks on our door.”

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