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January 2, 2015 12:05 pm

Iran Calls on Saudi Arabia to Help Curb Plunging Oil Prices

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A example of an oil platform exploring for offshore gas. Iran says Saudi Arabia make take action to stop the slump in oil prices. Photo: Wikimedia Commons.

Reuters – Falling world oil prices will hurt countries across the Middle East unless Saudi Arabia, the world’s biggest crude exporter, takes action to reverse the slump, Iran’s deputy foreign minister told Reuters.

Hossein Amir Abdollahian described Saudi Arabia’s inaction in the face of a six-month slide in oil prices as a strategic mistake and said he still hoped the kingdom, Tehran’s main rival in the Gulf, would respond.

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  • gandolf101

    Falling world oil prices will hurt countries across the Middle East

    Iran is suffering Russia is suffering , great I don’t see what the problem is , Saudi Arabia could be shooting itself in the foot ? another reason not to give a crap.
    price of gas went from 1.20 a litre to .89 litre , I never thought id see gas again under a dollar a litre .

    so to sum up mostly counties that support the Palestinians are facing hard times , awww shucks

  • charlie johnson

    Maybe Iran can find a market for their modifications to turn a crane into a mobile lynching device? A sort of a chain store type of an affair. Curb service hangings. Or maybe a rapid response stoning service by a masked goon squad? These wise leaders need to develop a varied economy based upon their greatest talents.Blood and gore.

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