CNBC | How will the Saudi-Iranian conflict affect oil? CNBC Investors are eyeing oil amid Middle Eastern tension with fears that the conflict could boil over into the oil market. After a brief Brent rally of more than 4 percent, the commodity closed down on Monday. Unless geopolitical events affect the direct ... Oil Market Settles Lower, Taking Iran-Saudi Dispute in Stride Oil Prices vs. Markets: When Risk Takes on Reality Saudi showdown with Iran nears danger point for world oil markets |