CNBC | Saudi Arabia could hike oil prices over the Khashoggi case. Here's why it would backfire CNBC Fears are spreading that Saudi Arabia, in retaliation against the growing global outcry caused by the disappearance of Saudi journalist Jamal Khashoggi, may hit back at potential economic sanctions by weaponizing its oil dominance. Saudi Arabia's ... Saudi threat risks rare crack in US oil alliance Oil Prices Rise on US-Saudi Tensions Oil Holds Gain Above $71 as Traders Assess US-Saudi Conflict |