Saudi Arabia Will Only Freeze Oil Production If Iran Joins

  • Deputy crown prince says `without a doubt' Tehran must agree
  • Saudi Arabia sees oil price rising over the next two years

Saudi Arabia Plans to Sell 5% Aramco Stake by 2018

Saudi Arabia will only freeze its oil output if Iran and other major producers do so, the kingdom’s deputy crown prince said, challenging the country’s main regional rival to take an active role in stabilizing the over-supplied global crude market.

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