Accord to cap output is ‘right decision for world energy’ Producers understand need to compromise on Iran’s involvement Vladimir Putin said he’d like OPEC and Russia, producers of half of the world’s oil, to reach a deal to freeze supply and expects the dispute over Iran’s participation can be resolved. “From the viewpoint of economic sense and logic, then it would be correct to find some sort of compromise,” Putin said in an interview in Vladivostok. “I am confident that everyone understands that. We believe that this is the right decision for world energy.” While talks collapsed in April over whether Iran should join in, countries now recognize the nation — freed just months ago from international sanctions — should be allowed to continue raising production, Putin said. The Russian president said he may recommend completing the plan when he meets with Saudi Deputy […]