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Iran says that it will veto OPEC decisions that harm its interests

Iran says that it will veto OPEC decisions that harm its interests

News
Justin Low
20/09/2018 | 07:28 GMT

Comments by Iran's oil minister Zanganeh ahead of the OPEC+ meeting in Algiers this weekend

  • Some oil producers violated OPEC+ output cuts deal
  • OPEC+ can't decide oil output quotas in Algiers meeting
  • Oil at $80 per barrel is a suitable price

Iran continuing to argue their case ahead of the meeting this weekend. Saudi Arabia and other producers are keen to cover the shortfall on Iran's supply as a result of US sanctions but Iran is fearful they will lose that market share permanently once a formalised routine is put into place.

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