The Saudis Use Oil to Punish the Iranians

As U.S. sanctions make the steady flow of Iranian oil less certain, the Saudis, eager to stem Iran’s influence, have been more than happy to step in. It’s no secret that Saudi Arabia and Iran are bitter rivals. The Sunni Saudis are deeply suspicious of Iran’s influence in Arab countries such as Bahrain and Iraq and want to weaken the Shiite republic, especially when it comes to both nations’ most important export: oil. “Iran is very vulnerable in the oil sector, and it is there that more could be done to squeeze the current government to join the world efforts toward peace,” said Prince Turki Al-Faisal, the ex-Saudi intelligence chief, in a speech at a Royal Air Force base on June 8.

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