Speaking to a small group of reporters in Riyadh , the president sought to drive home the impact higher oil prices are having in the United States and elsewhere. With oil prices recently at $100 a barrel, Mr. Bush said American consumers are feeling the pain. He warned that high energy prices can damage consuming economies. When asked about the president's call for increased OPEC production, Saudi Oil minister Ali Naimi was non-committal. "We will raise production when the market justifies it. This is our policy," Naimi said. One of the alleged Iranian speedboats on January 6 Another issue the president raised was Iran and during the session with journalists, he once again spoke about the January 6 incident involving Iranian speed boats and American ships in the Gulf. The president said Iran should be careful and there would be serious consequences if the Iranians attacked a U.S. vessel in international waters . President Bush will have plenty of time to bring up the oil issue and Iran with King Abdullah in the final evening of his stay in the Middle East where he will be an overnight guest at the Saudi leader's country estate near Riyadh, where he raises thoroughbred horses. In 2002 and 2005, then Crown Prince Abdullah paid similar visits to the president's ranch in Texas. 
Speaking to a small group of reporters in , the president sought to drive home the impact higher oil prices are having in the United States and elsewhere. With oil prices recently at $100 a barrel, Mr. Bush said American consumers are feeling the pain. He warned that high energy prices can damage consuming economies. When asked about the president's call for increased OPEC production, Saudi Oil minister was non-committal. "We will raise production when the market justifies it. This is our policy," Naimi said. One of the alleged Iranian speedboats on January 6 Another issue the president raised was Iran and during the session with journalists, he once again spoke about the January 6 incident involving Iranian speed boats and American ships in the Gulf. The president said Iran should be careful and there would be serious consequences if the Iranians attacked a U.S. vessel in . President Bush will have plenty of time to bring up the oil issue and Iran with King Abdullah in the final evening of his stay in the Middle East where he will be an overnight guest at the Saudi leader's country estate near Riyadh, where he raises thoroughbred horses. In 2002 and 2005, then Crown Prince Abdullah paid similar visits to the president's ranch in Texas. Related news
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Riyadh
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Ali Naimi
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international waters
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