Wall Street Journal | Saudi Arabia Cuts European Oil Prices as Middle East Tensions Grow Wall Street Journal LONDON—Saudi Arabia on Tuesday sharply cut the prices it charges for crude oil in Europe, a move that could undercut Iran as sectarian tensions escalate between the rival Middle Eastern nations. The Saudi move appears to pave the way for a competition ... How will the Saudi-Iranian conflict affect oil? Oil prices reverse gains as supply worries weigh Oil prices fall even with spat between 2 big producers |