All By Yourself

... undisputed leader (Saudi Arabia) imposes its will on the other Persian Gulf states and refuses to coordinate its moves with the other members of the oil club. Iran, which skipped the talks, became the stumbling block. The country formally supported the oil production freeze, but promised to join the move only after it had reached its pre-sanctions capacity. It should be noted that before the European Union imposed the oil embargo in January 2012, Iran’s daily crude production capacity stood at ...