Only Saudi Arabia could make up oil shortfall, says expert

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The United States is expected to announce on Monday that all buyers of Iranian oil will have to end their imports shortly or face sanctions, triggering about a 3 percent rise in crude prices. Guest Host Savita Subramanian, head of U.S. equity and quantitative strategy with Bank of America Merrill Lynch, and John Kilduff, founding partner of Again Capital, joins "Squawk Box" to discuss.

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