Nice way to spin it, but this has no basis in reality. One could just as well claim that the Saudi royals are desperately trying to cash out as quickly as possible, as the political situation in the kingdom is growing increasingly unstable following Iranian aggression throughout the region.
It's telling that the Saudis group Iraq and Iran together in the articles. Iranian sphere of influence has engulfed Iraq, and the isolation of Syria is pushing them also towards greater dependence on Iranian support. Iranians have all but established a satellite in Iraq, yet it's a wrap for the Iranians? Pass that kool aid breh. Maybe you're not paying much attention... for more than a year the Saudis have been screaming for US commitment and security guarantees in the region, and the US is responding by withdrawing. The Saudis are the ones facing real credible threats to their regime so of course they are pushing the hardest... And the lack of commitment from the US is forcing them to resort to these kinds of measures.
The EU has halted imports of Iranian crude, effective since the beginning of this month. The country is under an oil embargo, campaigned by the US. The bloc has begun banning countries from reinsuring tankers carrying Iranian oil. Iranian crude is in large part not traded on the official exchanges.
Instead, Iran ships its oil through front companies operating under false flag from tax haven islands. I don't think anyone knows what these deals look like, outside of the parties involved. Iranian markets are flooded with Chinese goods. The point being of course that a low price on oil does not necessarily affect Iran much, certainly not to the point of being a threat to the regime. The sanctions hurt economically but by no means do they paralyze Iranian trade.
