Business Insider | Here's one reason why Saudi Arabia is happy to take the pain of low oil prices Business Insider We have long believed that the Saudis are driving oil prices lower to inflict pain on Iran. Any collateral damage to US shale producers is a secondary or tertiary benefit. Though low oil prices hurt Saudi Arabia, they negatively impact Iran in a much ... Brent crude oil price drops to new low of $32 a barrel as US output rises China's Market Plunge: It's All About Oil Why oil will keep breaking down |