OIL TROUBLE: OPEC ministers are deeply divided over how much crude to pump, with Saudi Arabia keen to keep a lid on prices, rival Iran pushing to cut production for higher prices.
LET IT LIE: The 12-nation group is likely to paper over differences Thursday by deciding to leave output unchanged despite current overproduction.
IRAN IRE: U.S. sanctions over Tehran's nuclear program have already cut into exports of Iranian crude — from about 2.5 million barrels a day last year to between 1.2 and 1.8 million barrels now. A European Union embargo that starts July 1 will tighten the squeeze.
