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Oil freeze deal faces trouble as Saudi-Iran tensions spike

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SAUDI Arabia demanded yesterday that Iran join a global deal on freezing oil output, jeopardising an agreement between OPEC and non-OPEC producers that was supposed to help ease a glut and prop up the price of crude.

Some 18 OPEC and non-OPEC countries, including Russia, had been meant to meet yesterday morning in the Qatari capital of Doha and rubber-stamp a deal – in the making since February – to freeze output at January levels until October 2016.

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