Arab Oil War to Continue
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Arab Oil War to Continue

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Arab countries decided to continue their oil war against Western states despite a UN ordered truce in the Middle East, oil sources here said today. “Firstly, fighting is going on in the Middle East and secondly, the decisions taken in Kuwait were long-term ones,” said one source close to the Organization of Petroleum Exporting Countries (OPEC).

Last week the 11 members of the Organization of Arab Petroleum Exporting Countries (OAPEC) decided in Kuwait to cut back oil production by five percent monthly until Israel had withdrawn from all occupied territories and the legal rights of the Palestine people were restored. Iran, however, which is not a member of the OAPEC and the closest friend of the United States in the Middle East, decided to continue exporting at its present levels.

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