(Bloomberg) -- The Saudi cabinet reiterated its commitment to a “firm policy” of keeping crude markets stable and balanced after a U.S. decision not to renew sanctions waivers for buyers of Iranian oil.
The kingdom followed “developments in the oil markets” with interest, state-run Saudi Press Agency reported. The kingdom welcomed the U.S. move to “hold Iran accountable for and to stop its destabilizing activities, its sponsoring and support for terrorism.”
Read More: Saudis Said to Plan Cautious Response to U.S. Action on Iran Oil
To contact the reporter on this story: Abbas Al Lawati in Dubai at aallawati6@bloomberg.net
To contact the editors responsible for this story: Shaji Mathew at shajimathew@bloomberg.net, Bruce Stanley, Amanda Jordan
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