Riyadh to 'stabilise' oil market after US move to end Iran waivers: minister

Riyadh is committed to "stablise" the oil market after a US decision to end sanction exemptions for Iran's customers, Saudi Arabia's Energy Minister Khalid al-Falih said Monday.

"The kingdom reaffirms its longstanding policy, which seeks to stabilise the markets at all time," he said in a statement carried by the official Saudi Press Agency.