Iran In Oil Spat With Saudi Arabia
From Gulf News
By Benoit Faucon
Iran on Tuesday accused Saudi Arabia of searching for oil in what it called a “prohibited” offshore zone in response to Riyadh’s earlier allegations that Tehran had violated its airspace.
The statements are likely to revive fears of a flare up between the Gulf’s arch-foes and coincide with the military escalation in the Israeli-Palestinian conflict that has already stoked fears of a disruption to Middle-East oil supplies.
In remarks carried by Iran state news agency IRNA, foreign ministry spokesman Ramin Mehmanparast said “the violation was committed by Saudi companies”.
“Apparently Saudi Arabia had taken measures for oil exploration activities in the prohibited border zone between the two countries,” he said.
