Saudi Arabia tests US ties with oil price | GulfNews.com:
"By starting a new oil price war, Saudi Arabia is taking a calculated gamble in its already strained relationship with the US, hoping that the potential damage to America’s shale industry will be offset by the geopolitical and economic prizes on offer to Washington.
At a time when the US and Saudi Arabia are fighting a new war together in Iraq and Syria, the Saudis have taken the bold step of asserting their pivotal role in the oil market and subtly squeezing the finances of some of America’s fledgling shale companies.
Yet, at the same time, the falling oil price will deliver a de facto tax cut for American consumers and — if sustained — will hit both Russia and Iran at a time when Washington is trying to pressure both countries."
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