With the United States reneging on the Iranian nuclear deal, Saudi Arabia is committed to ensuring oil market stability, its energy ministry said. “I do not believe that continuing to provide JCPOA-related sanctions relief to Iran is in the national interest of the United States,” President Donald Trump declared Tuesday afternoon. His decision on the Joint Comprehensive Plan of Action , the U.N.-backed agreement that allows Iranian oil to flow in exchange for commitments to moderate its nuclear research activity, tacitly creates supply-side shortages for the global energy market. Through its official news agency, a spokesman for the Saudi Ministry of Energy said Riyadh is committed to a stable oil market. Stability means producers and consumers benefit for the betterment […]