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Iran Saudi Oil Conflict
By Micah Halpern

Thursday August 10, 2023
I've Been Thinking:

Kuwait announced that Iran's foreign minister has invited his Kuwaiti counterpart to Tehran. It will not be a friendly meeting. Tensions are simmering over the offshore Durra gas field.

Saudi Arabia and Kuwait claim exclusive joint rights to the field while Iran also claims a stake in the gas field. Iranian leadership is claiming that a Saudi-Kuwaiti agreement to develop the field that was signed last year, is illegal.

I expect that tensions on this issue will continue to rise.


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8 August 2023 10:46 PM in Thoughts


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