VOL. XXX

NO. 7

24-NOVEMBER-1986

OPEC AND OIL PRICES

Mousavi Says OPEC Should Break $20/B Barrier

Iranian Prime Minister Mir-Hossein Mousavi has confirmed that Iran regardsthe Saudi initiative to return to a fixed price of $18/B for OPEC crude as onlya first step on the path to higher prices and that it will continue to campaignfor a return to a price even higher than last year's $28/B benchmark.

In a Tehran radio report on 19 November, Mr. Mousavi was quoted as sayingthat "in view of the present...