The Guardian | Plunging oil price brings Saudi Arabia and Iran together in alliance of enemies The Guardian Despite this unpromising geopolitical backdrop, last week there were positive moves towards an oil production deal. The price of Brent blend crude soared 7.5% on Wednesday after Bijan Zanganeh, Iran's oil minister, came out of a two-hour meeting with ... The real wild card for oil prices to stabilize Oil down 4 percent as US glut overshadows producer talks Summer is coming for oil: 50% price spike ahead, says BofA |