US calls on Saudi to 'reassure' oil and financial markets - Arabianbusiness:
The United States said on Wednesday it has urged Saudi Arabia to "reassure" oil and financial markets as the world grapples with a coronavirus pandemic that has paralyzed major economies.
The appeal was made by Secretary of State Mike Pompeo in a telephone conversation on Tuesday with Crown Prince Mohammed bin Salman, the State Department said.
Oil prices have plunged as economies grind to a halt due to the pandemic. But the decline has also been fuelled by a price war between the Saudis and Russia.
President Donald Trump, who is seeking re-election in November, has welcomed lower gasoline prices for US consumers but the United States is also worried about its shale oil producers.
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