US Sec. of State Pompeo to meet with Saudi Crown Prince on Wednesday

Eren Sengezer FXStreet

According to Reuters, the United States Secretary of State, Mike Pompeo, will be meeting with Saudi Crown Prince in Jeddah on Wednesday to coordinate efforts to counter the Iranian aggression in the region.

Earlier today, reports suggested that the Saudi Defence Ministry will be holding a press conference today around 14:30 GMT to present the evidence of Iran's involvement in the attacks on Saudi Aramco.

Meanwhile, following yesterday's deep correction, the barrel of West Texas Intermediate seems to have steadied near the $59 mark.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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