Proxy Battles in the Arabian Peninsula

Here's an intriguing blog post from FP:

"Are the Saudis prepared to constrain oil prices to weaken Iran? It's an intriguing possibility that, if implemented, could have major implications for U.S.-led efforts to curb the Islamic Republic's nuclear program."

I hadn't realized the Saudis had set such a low range for oil prices, and squeezing Iranian revenues had not occurred to me. This, combined with a reported coming glut in natural gas capacity, while other reports warn of a lack of investment in oil capacity, could have immense consequences for the Iranian economy, not to mention the hold of the clerics on power.