Energy Secy Perry asserts Russia, U.S., Saudi Arabia can compensate for oil fall

Energy Secretary Rick Perry said the U.S., Russia, and Saudi Arabia can make-up for the shortage in Iranian oil exports. In a recent interview on Friday Perry said he felt comfortable with the outlook for global crude output, and oil prices. This comes after the Trump administration announced they will slap sanctions on Iran, a nation that has already cut supply to two year lows.