Iran tells OPEC they need to cut production to raise price.
Iran also states that they plan to put more oil on the market.
We’ll see how that works out.
In translation: "Iran tells Saudi Arabia it needs to cut production to make way for new Iranian oil." Obviously new Iranian oil exports will produce additional profits for Iran. They want to maximize those profits by having the Saudis cut production. When Iran has operational nukes, they might threaten the Saudis with a nuclear strike to get them to cut production. And that is why Obama's acquiescence to Iranian nukes might be storing up trouble.