Saudi Oil War on Iran?

Remember yesterday I mentioned how Reagan teamed with the Saudis in the 80's to hurt the Soviet economy, and history may now be repeating itself? MSNBC is echoing this theory:

Oil traders and others believe that the Saudi decision to let the price of oil tumble has more to do with Iran than economics...Moreover, the traders believe the Saudis are not doing this alone, that the other Sunni-dominated oil producing countries and the U.S. are working together, believing it will hurt majority-Shiite Iran economically and create a domestic crisis for Iranian President Mahmoud Ahmadinejad, whose popularity at home is on the wane. The traders also believe (with good reason) that the U.S. is trying to tighten the screws on Iran financially at the same time the Saudis are reducing the Islamic Republic’s oil revenues.

What a team! Remind me never to speak ill of the Saudis again, unless there's definite proof they are also funding Al Qaeda directly.

Update: Strategypage reveals the Saudi's Secret War Against Iran.