Oil falls as Saudi Arabia sets conditions for accord

The warning by Mohammed bin Salman, 30, who has emerged as Saudi Arabia’s leading political force, leaves the outcome of a meeting between Opec and other big oil producers this month in question. Iran has already said it plans to boost its production after the lifting of sanctions following a deal to curb the country’s nuclear program.
“If all countries agree to freeze production, we’re ready,” bin Salman said in an interview.