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Iranian Oil Minister Bijan Namdar Zanganeh speaks during a news conference at the Oil Ministry in Tehran in this March 8, 2005 file photo. (Reuters/Rahieb Homavandi)

Iran denies oil “price wars” as crude continues to slip

by Wael Mahdi | Oct 9, 2014 | Business

Al-Khobar, Asharq Al-Awsat—Iran will not be reducing its oil prices in order to match its competitors on the global market, Iran’s oil minister said on Tuesday, amid fears that discounts offered by Saudi Arabia to US and Asian customers in November could trigger a...

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Middle-east Arab News Opinion | Asharq Al-awsat

Iran denies oil “price wars” as crude continues to slip

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