Oil prices ease, but Saudi-Iran tensions keep a floor in market

Oil prices slipped Monday, giving back some of a steep climb from Friday seen after Saudi Crown Prince Mohammed bin Salman said the kingdom would develop nuclear weapons if arch-rival Iran did.

Underpinning prices are tensions between Saudi Arabia and Iran, which are seen potentially disrupting global supplies. The Saudi crown prince visits the U.S. this week, which could provide plenty of headlines, as the Trump administration has called for a new look at the Iran nuclear pact. Trump told European leaders they must “fix the terrible flaws” in the deal or the U.S. would refuse to extend its sanctions relief on Iran.
more at: https://www.marketwatch.com/story/oil-prices-ease-but-saudi-iran-tensions-keep-a-floor-in-market-2018-03-19