Saudi Arabia all but threatened to drive up oil prices if the U.S. took any action to penalize it over the apparent killing of a Saudi journalist. The not-so-subtle threat was the first time in decades that Saudi Arabia threatened to restrict supply for such naked political reasons. President Trump vowed to impose “severe punishment” on Saudi Arabia if it was proved that Riyadh was behind the murder of Saudi Journalist Jamal Khashoggi earlier this month. The Saudi government quickly responded with a statement that “it will respond with greater action” if the U.S. moves forward with some sort of punishment. That threat was followed by a reference to Saudi Arabia’s “influential and vital role in the global economy,” which seems to be a veiled threat to use its oil supply as a weapon. Goldman Sachs’ Jeffrey Curie said that oil market risk related to geopolitical uncertainties in the […]