Venezuela, Iran seek Opec oil cut
Reuters, Caracas
Venezuela and Iran strengthened their growing ties on Saturday with a stream of anti-US statements, various commercial agreements and a pledge to push for a cut in world oil supplies to counter plunging prices.Venezuelan President Hugo Chavez blamed the United States, the archfoe of both Caracas and Tehran, for undermining the significance of the Opec cartel to bring down oil prices, which have tumbled 15 percent this year during a mild US winter. "We agreed this afternoon to increase our coordinated efforts in Opec and with the major oil producers outside Opec to safeguard the price of our main product," Chavez said at a meeting in Caracas.
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