Over correction to U.S. allowing Iran to export oil
for 6 more months. Saudi Arabia meets with Russia. Russia has a budget surplus and Saudi Arabia potentially nearing bankruptcy in the next 2 years. U.S. pulls out of Yemen and Syria. Trump's arms deal not finalized. Saudi Arabia budget seems lofty. Saudi Aramco delays IPO
. Expect more financial stress on Saudi Arabia as all these factors compound. Expect a return to $40 levels as SA and Russia cut oil
productions and Iranian Embargoes go into full effect.