Iran Said to Signal Willingness to Support Joint Action on Oil - Reuters

August 23, 2016 10:55 AM EDT

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(Updated - August 23, 2016 11:00 AM EDT)

Iran is sending positive signals that it may support joint action to prop up the oil market, according to Reuters, citing an OPEC source. Tehran previously refused to join efforts by OPEC and non-members including Russia, but now appears to be more willing to reach an understanding with other oil producers, the source said.

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