Iran vows to help Venezuela to stem oil price fall


  • World
  • Sunday, 11 Jan 2015

Iran's Supreme Leader Ayatollah Ali Khamenei speaks live on television in Tehran June 12, 2009. REUTERS/Caren Firouz/Files

DUBAI (Reuters) - Iran's supreme leader Ayatollah Ali Khamenei told Venezuela's president on Saturday he backed coordinated action between Tehran and Caracas to reverse a rapid fall in global oil prices which he described as a "political ploy hatched by common enemies".

President Nicholas Maduro is on a tour of fellow OPEC countries to lobby for higher oil prices, which hit new lows last week below $50 per barrel, nearly half of what they were back in June 2014.

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