03-05-2016 15:51 via uk.news.yahoo.com

Saudi-Iran split muddies OPEC long-term strategy - sources

By Rania El Gamal and Alex Lawler DUBAI/LONDON (Reuters) - OPEC has yet to agree on a long-term strategy as Saudi Arabia objects to a proposal from arch-rival Iran that the exporter group aim for tighter control of the oil market, sources said, pointing to deep divisions over the way forward. The OPEC board of governors met on Monday in Vienna to discuss the latest draft of its LTS. While they made progress on some issues, OPEC kingpin Riyadh disagreed with Tehran's proposal to include "effectiv
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