NEW YORK (Bloomberg) -- It’s not often that an OPEC producer accuses the U.S. of driving up oil prices.
But that’s exactly what Iran Oil Minister Bijan Namdar Zanganeh said on state television Thursday. Two days after Donald J. Trump decided to withdraw from the Iran nuclear agreement, Zanganeh said the U.S. president is engaging in “shenanigans” in the oil market -- and that he’s cut a deal with some members of the Organization of Petroleum Exporting Countries to keep production down and prices high.
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Headline crude prices for the week beginning 10 February 2020 – Brent: US$53/b; WTI: US$49/b
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