, Columnist
Iran Sanctions Are Fueling OPEC Tensions
Expect fireworks at the producer group’s meeting this month.
In the engine room.
Photographer: Ali Mohammadi/BloombergThis article is for subscribers only.
Two months before renewed U.S. sanctions on its oil exports take effect, Iran has already suffered a sharp drop in sales and lost key buyers in Asia and Europe.
That slump will continue in coming weeks. Meanwhile, rising output from other OPEC members is fueling tensions within the producer group that could come to a head at a meeting in Algeria later this month.