VOL. XXXI

NO.41

18-JULY-1988

OPEC

Iran Blames Gulf Arab Producers for Price Decline

Iran has accused Saudi Arabia and other Gulf oil producers of causing thecurrent decline in oil prices. A commentary broadcast on 13 July by Tehran radiosaid that the Saudis are undermining OPEC's interests by pursuing a market sharepolicy, and that "developments in the oil market over the past month revealthe political intentions of the OPEC minority wing - Kuwait, Saudi Arabia, theUAE, Qatar, and Iraq - to push...