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.