At the latest 2 June 2016 OPEC summit, Saudi Arabia and Iran failed to reach an agreement on oil production level (e.g. Terry Macalister, The Guardian, 2 June 2016). Different needs as well as tensions between the two countries are at stake. Yet, a few analysts have also underscored a slight improvement in the relations between Saudi Arabia and Iran (Liam Halligan,  “Opec is very much alive as Saudis learn to tread softly“, 4 June 2016).  What should we thus expect? Should we trust that a warming of the relationships is indeed underway, or should we expect a potential stiffening of positions considering the current offensive led by Shia governments in Syria and Iraq (e.g. Alex MacDonald, “Sunni fighters say militias, not army, should liberate Fallujah … Continue reading Tempobs – Balance of Power Formation for Iran and Saudi Arabia

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