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Iran Says Three OPEC Members to Veto Saudi-Proposed Supply Boost

Grant Smith, Golnar Motevalli
Iran Says Three OPEC Members to Veto Saudi-Proposed Supply Boost

Iran says Venezuela and Iraq will join it in blocking a proposal to increase oil production that’s backed by Saudi Arabia and Russia when OPEC and its allies meet in Vienna this week. “Three OPEC founders are going to stop it,” Iran’s representative to the bloc Hossein Kazempour Ardebili said in comments to Bloomberg on Sunday.