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Oil Price Article : Iran new projects looking to poach Saudi oil contracts

Roch in Geopolitics

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Roch    + 537

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(edited)

If this is true you will see the end of OPEC and the start of an oil price war.

Untold damage on many fronts. 

According to the article Iran will be going after Saudi Asian oil clients.

https://oilprice.com/Energy/Energy-General/Iran-Looks-To-Poach-Saudi-Oil-Contracts-With-New-Projects.html 

Trump sanctioned Iran to the benefit of Saudi Arabia and the rest of OPEC.  What does Biden/Kerry do now ?  They have some interesting options. 

Imagine the Saudi and Iran lobbying effort in D.C. over next few months.  

Edited by Roch

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