David Fickling, Columnist

Iran-Saudi Cold War Reaches Japan

Oil geopolitics may torpedo the merger of Idemitsu and Showa Shell.
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Iran's simmering proxy conflict with Saudi Arabia is cropping up all over the place.

Riyadh helped crush an Arab Spring uprising in Shiite-majority Bahrain in 2011, and friction between the two countries has fueled civil wars in Syria and Yemen. Attempts to reignite oil prices earlier this year were thrown into disarray when Iran refused to attendBloomberg Terminal an oil producers' meeting in Doha.