VOL. XXXII

NO. 1

10-OCTOBER-1988

Iran Blames GCC States

Iranian Oil Minister Gholamreza Aghazadeh has warned that OPEC faces thespecter of a repeat of the 1986 price collapse and has blamed the GCC statesfor the present glut in the oil market, saying that "other OPEC membershave not had serious problems in this regard."

Speaking in a broadcast on Tehran radio on 1 October, Mr. Aghazadeh said thatIran wanted Saudi Arabia and Kuwait to halt their supplies of "war reliefcrude" to Iraq and accused the...