Great victory for Iran: OPEC agrees to cut oil production. Iran is exempted

[mangekyo]

For years. KSA and Trump administration have done whatever they can to bring down the Iranian economy. Trump administrations role was to implement sanctions and blackmailing other countrys from doing business with Iran. KSA plaid its part by pumping more oil, replace Irans market share, and bring oil prices down, cutting Irans main income.

Today. KSA finally surrenders. OPEC agreed to cut oil production and boost the market. Iran is exempted from this deal and can continue to pump out oil at an increasing tempo.

https://www.cnbc.com/2018/12/07/ope...nd-russia-look-to-impose-production-cuts.html

https://twitter.com/i/web/status/1070328136150200320

 

[Yongpeng Sun-Tastaufen]

Oil ain't king anymore. If they cut production and raise price, people buy Tesla and use wind power for electricity. We'll see who comes on top. Technology or oil.

 

[RealNapster]

Iran is exempted from this deal and can continue to pump out oil at an increasing tempo.

And sell that “extra” oil to whom ? Everyone is cutting its oil import from Iran. Even India and china

 

[BATMAN]

OPEC is PIA of US

 

[Sineva]

And sell that “extra” oil to whom ? Everyone is cutting its oil import from Iran. Even India and china

Ahh.....no,actually they`re not.
https://www.reuters.com/article/us-...ember-as-buyers-use-u-s-waivers-idUSKBN1O60PM

 

[HAIDER]

I think Iran and KSA shaking hand under the table.

 

[BATMAN]

I think Iran and KSA shaking hand under the table.

KSA or US and India.
https://www.rferl.org/a/us-exempts-...ion-in-nod-to-afghanistan-india/29586874.html