VOL. XXXI

NO. 9

7-DECEMBER-1987

OPEC

Iran and Saudi Arabia Trade Accusations over Market Instability

Comments by the Iranian Oil Minister, Mr. Gholan Reza Aghazadeh, blamingSaudi Arabia and its Gulf Cooperation Council (GCC) allies for the currentinstability in the oil market have evoked a sharp response from the Saudi OilMinister, Mr. Hisham Nazer.

Mr. Aghazadeh told a press conference in Tehran on 1 December that theforthcoming OPEC meeting in Vienna will be "difficult," since SaudiArabia,...