Algeria has repeated calls by Opec hawks for an emergency meeting over falling oil prices as sanctions on Iranian crude came into full force.
In the days leading up to a European embargo that took effect on Sunday, Iran and Venezuela said the organisation could meet in the third quarter to address oil prices, which dipped below US$90 a barrel for North Sea Brent crude last month.
Iran has since written to Abdul Kareem Al Luaibi, the current president of Opec, to request an emergency meeting, Mohammad Ali Khatibi, the Iranian Opec governor, told Bloomberg yesterday.
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