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OPEC Civil War: Saudi Arabia Closes Its Ports To Iranian Oil

stander
stander
in Oil, Gas and Energy News

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Saudi Arabia banned ships carrying Iranian crude oil from entering the country’s waters Monday, escalating the Organization of Petroleum Exporting Companies’ (OPEC) internal civil war.


Iranian vessels carrying the crude oil are restricted from entering ports in Saudi Arabia and Bahrain, according to a Monday article in The Financial Times. The ban is the latest in the escalating OPEC civil war between Saudi Arabia and Iran. Iran was also denied access to insurance, financing and key oil storage facilities owned by Saudi Arabia.


http://houstonenergyinsider.com/?p=5147


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