OPEC Talks Deadlocked as Iran Resists Pressure to Cut
- Persian Gulf state won’t accept symbolic output cut: delegate
- Russia plays deal broker in meetings with Iranians and Saudis
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OPEC crunch talks were deadlocked on Friday as Iran was said to reject a symbolic oil-output cut as part of a wider deal with the cartel and its allies.
An agreement remained elusive as the Persian Gulf state insisted on an exemption from production curbs, one delegate said. It stuck in its heels despite attempts by non-OPEC producer Russia to broker a deal, with Energy Minister Alexander Novak shuttling between meetings with the Iranian and Saudi delegations at the organization’s secretariat in Vienna.