IRAN

Iran Threatens Action if Oil Price War Erupts 

The influential speaker of Iran's parliament, Hojjatolislam Hashmi Rafsanjani, has indicated that Iran might attempt to block the flow of oil from the Gulf if oil prices continue to fall. In a sermon delivered in Tehran on 9 November, Hojjatolislam Rafsanjani praised the Geneva OPEC decision to cut production and the role played by Saudi Arabia in reaching it, but warned that if Iran "was one day pressured in a price-cutting...