Iran Minister's Saudi Visit Delayed Due To Oil Price Fall: Tehran

(Reuters) - Iran's Foreign Minister Mohammad Javad Zarif has postponed a visit to Saudi Arabia in protest against Riyadh's reluctance to cut oil production, a senior Iranian official said on Sunday. Oil prices have fallen 60 percent from their June 2014 peaks, driven down by rising production, particularly of U.S. shale oil, and weaker-than-expected demand in Europe and Asia.