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Iran Can Block OPEC Agreement, Yet Saudi Arabia Can Bypass Veto

Javier Blas
Iran Can Block OPEC Agreement, Yet Saudi Arabia Can Bypass Veto

Tehran says it has Iraqi and Venezuelan support to veto any proposal for more output, a position taken by both Saudi Arabia and Russia. “If the Kingdom of Saudi Arabia and Russia want to increase production, this requires unanimity,” Hossein Kazempour Ardebili, Iran’s OPEC representative, said on Sunday, before the group meets in Vienna on Friday.