Saudi Arabia, Kuwait Make Breakthrough in Neutral Zone Talks
- Persian Gulf nations have fought over the region since 2014
- The neutral zone can pump about 500,000 barrels a day of oil
Photographer: Dominique Berbain/Getty Images
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Saudi Arabia and Kuwait are the closest in years to restoring oil output from the neutral zone shared by the neighboring nations after making a breakthrough in recent talks, according to people familiar with the matter.
While Kuwait and Riyadh haven’t yet reached a final agreement, in a recent meeting the Middle East nations made significant progress in resolving sovereignty issues that have thwarted negotiations in the past, the same people said, asking not to be named discussing diplomatic talks.