Persian Gulf oil producers hold off on embargo but remain at odds with US

Core OPEC members Saudi Arabia and the UAE, the first and third largest producers in the 13-member group, have so far rebuffed Iranian calls for an oil embargo against Israel amid the intensification of its war with Hamas, but analysts say that should not be interpreted as an olive branch towards the US. As OPEC+ ministers prepare to meet Nov….Core OPEC members Saudi Arabia and the UAE, the first and third largest producers in the 13-member group, have so far rebuffed Iranian calls for an oil embargo against Israel amid the intensification of its war with Hamas, but analysts say that should not be interpreted as an olive branch towards the US. As OPEC+ ministers prepare to meet Nov….  Read More