Ministerial meeting ends in stalemate as Iran refuses to support Saudi plan to help stabilise markets
Lingering hopes that Saudi Arabia and Iran would put aside their regional power struggle and reach a deal on oil production levels to help stabilise the volatile crude markets have been dashed.
A ministerial meeting of the Opec oil-producing cartel broke up in Vienna without agreement on Thursday, with Tehran refusing to support a plan by Riyadh and others to freeze their crude output.
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