CNNMoney | Saudi Arabia: We're not crashing oil prices to hurt Iran CNNMoney Saudi Arabia insists the crash in oil prices is being fueled by oversupply, not a secret plot to hurt its archenemy Iran. "People should go back to Adam Smith and basic economics. It's about supply and demand," Adel al-Jubeir, the Saudi foreign ... Iran Follows Saudi Oil-Price Cut in Europe Saudi Arabia-Iran Tussle Fanning Oil Oversupply Weighting Further IEA Sees Iran's Return Intensifying Battle for Europe Oil Market |