Iran could become collateral damage of OPEC decision
If OPEC decides this month to increase oil output, it will probably be the result of a simple economic decision and not any desire by Riyadh and Moscow to cater to the United States.
OPEC members are expected to consider increasing oil production at their June 22 meeting in Vienna, something the United States reportedly has unofficially requested of some OPEC members.
International media have reported that the United States asked Saudi Arabia and a number of other OPEC members to cover the deficit that might occur on the international market due to US President Donald Trump’s decision to reimpose sanctions on Iran.
