Why Trump is pressing Saudi Arabia to lower oil prices: Kemp | Reuters:
The United States and Saudi Arabia appear to have reached an understanding: Washington will reduce or eliminate Iran’s oil export revenues and in return Riyadh will guarantee oil supplies and stabilize prices.
The basic deal is well understood by policymakers in both countries, with U.S. President Donald Trump repeatedly emphasizing his great personal relationship with the Saudi king and crown prince.
But strong personal relationships between the leaders and agreement on the overall deal obscure disagreement on some key details, not least the desirable level for oil prices.
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