1973 oil crisis - Iran and Saudi Arabia block efforts of OPEC price hawks to fix the price of OPEC oil in a currency more stable than the U.S. dollar

Time: Jun, 1978

Place: Vienna, Austria

Details: Iran and Saudi Arabia block efforts of OPEC price hawks to fix the price of OPEC oil in a currency more stable than the U.S. dollar. Say the world economy cannot support associated price increases. Are accused by hawks of being U.S. agents.

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