Report Says U.S., Saudi Arabia Officials Working Closely on Ongoing Economic, Security Cooperation

U.S. government teams spent three days in Saudi Arabia discussing ways to cut off money flows to Iran without disrupting energy markets, Bloomberg reports, ahead of U.S. efforts to press nations to stop buying Iranian oil by Nov. 4.

The report, which cited a senior State Department official, said that envoys from the State and Treasury departments and several Saudi ministries “weighed measures to ensure oil markets have sufficient supply after the deadline.”

The U.S. is working with nations including Saudi Arabia to make sure oil markets are well-supplied, the official said.

According to the report, during the meetings, U.S. and Saudi officials also “examined new ways to make Iran pay for what the U.S. says is its ‘malign behavior’ in the region – such as supporting the regime of Syrian President Bashar al-Assad and funding terrorist groups.”

[Click here to read the full report from Bloomberg.com]