Will Friendlier U.S.-Iran Relations Mean Lower Oil Prices?

Saudi Arabia's Shaybah oilfield complex lies deep in the Rub' al-Khali desert (Ali Jarekji/Reuters)

The Real Reason Saudi Arabia Doesn’t Want Friendlier U.S.-Iran Relations -- Kaveh Waddell, The Atlantic

Lessened sanctions might cause oil prices to fall, and the Kingdom’s revenues along with them.

Saudi Arabia dealt a high-profile snub to the international community and the United States on Friday when it turned down a rotating seat on the United Nations Security Council. The unprecedented move was a culmination of months of public derision directed toward the U.S. for its halfhearted approach to intervention in Syria, its tacit support of the Muslim Brotherhood in Egypt and, most recently, its overtures to Iran. High-level U.S. talks with the Islamic Republic, Saudi Arabia’s bitter regional rival, were the last straw. Last Tuesday, the head of Saudi intelligence services told European diplomats to anticipate a “major shift” away from the United States over disagreements on Syria and Iran policy. Recent Saudi rhetoric has been so severe that in it Israeli Justice Minister Tzipi Livni heard echoes of her own country’s politics: “When you hear the Saudis talk about what needs to be done to prevent [a nuclear] Iran, it sounds familiar,” Livni said.

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My Comment: It's always about the money.