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Sheikh Ahmed Zaki Yamani, long-serving Saudi ‘Mr Oil’ who brought the West to heel – obituary Telegraph Obituaries © Hulton Archive/Getty Images Sheikh Ahmed Zaki Yamani circa 1975 - Hulton Archive/Getty Images Sheikh Ahmed Zaki Yamani, the former Saudi Oil Minister, who has died in London aged 90, was the architect of the Arab oil policy in the 1970s that sent oil prices sky-high, threw the world economy into chaos and changed the balance of international power. For two decades Yamani was “Mr Oil”, the soft-voiced negotiator who dominated the councils of the international price fixers and who could inject confusion into the stock markets with a throwaway remark to a reporter. He knew exactly how to manipulate prices and how to seize an advantage by cutting production. Whether his strategy benefited Arabian oil producers in the longer term was another matter.

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