Yeah FT but can you really see Iran complying?
They've been hammered by the sanctions for years. Prior the sanctions they apparently had equal output to Saudis and product is on par. Now I can see Iran can't sustain it's economy anywhere as easily as the Sauds who have plenty of dollars in reserves. On the other hand Iran's been doing it hard for years. They don't have Perrier streaming out of their gold taps like the Sauds. Meaning the Iranians are used to doing it hard and so they are used to a pretty abysmal economy. So why are they going to agree to the Sauds threats?
I don't know how far brinkmanship is going to take them I really don't.
Oil Freeze Failed, page-4
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