Major oil producers meeting for talks amid Iran tensions

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    A  meeting of key OPEC members and other major suppliers including Russia is set for today to discuss the stabilization of a volatile oil market amid rising US-Iran tensions in the Gulf, which threaten to disrupt supply.

    Al Jazeera reports that they will assess the oil market and examine compliance to production cuts agreed late last year.

    But the subject of Iran, which is not present, will dominate the one-day meeting of the OPEC+ group, formed by OPEC members and its new petro allies – led by Russia.

    It comes days after sabotage attacks against tankers in highly sensitive Gulf waters and the bombing of a Saudi pipeline by Houthi rebels from Yemen.