Saudis Pledge to Ensure Oil Supply If Iran Exports Collapse

The Saudis are closely monitoring oil-market developments after the U.S. announcement regarding export sanctions on Iran, Al-Falih said in a statement. @JohnKerry and people who helped him lead the U.S. into the very bad Iran Nuclear Deal. Any nation continuing to buy Iranian oil will face U.S. sanctions, Secretary of State Michael Pompeo said Monday after announcing that temporary waivers granted to some nations late last year won’t be renewed when they expire next month.

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