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January 7, 2015 6:48 am

Iran Accuses Saudi Arabia of Oil Conspiracy, Urges Shia Muslims to Rebel

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Ali Larijani, Iran's parliamentary speaker, warned during his recent visit to Damascus that Iran "will not forget which countries schemed to lower the price of oil." Photo: Wikipedia.

Voice of America – Iranian hard-liners are lashing out at Saudi Arabia, accusing it of conspiring with the West to keep oil prices low in a bid to harm the Islamic Republic’s economy and pressure the country to conclude a nuclear deal with West.  In retaliation, Iranian hawks are urging restive Shia Muslims in eastern Saudi Arabia to rebel against the ruling House of Saud.

Iranian hawks’ accusations have mounted over the Saudi’s refusal to cut production – in an effort to maintain its share of the global oil market – fueling the precipitous slide in prices. Crude oil prices have fallen by more than half since June, from $115 a barrel to below $50.

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