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Mike Pompeo is due to discuss the US' response to Iran after it blamed the Islamic Republic for an attack on Saudi Arabia's Aramco oil facilities.
Oil prices fell on Tuesday amid growing confidence that Saudi Arabia will restore its regular oil output faster than initially expected.
Saudi Arabia has not yet officially accused a country or group of perpetrating the attacks on its oil facilities, but has denied the involvement of Yemen's Houthi rebels.
US officials reportedly believe the attacks on Saudi oil facilities were launched from Iran, not Iraq.
US President Donald Trump said he is waiting to confirm information from Saudi Arabia before proceeding with a response after the kingdom's Aramco oil facilities were attacked.
Aramco's chief executive predicted the crude oil market could recover to pre-coronavirus levels by 2022, however the International Energy Agency said it would take at least a year longer.
An escalation in tensions between Iran and the United States after the killing of Qassim Soleimani has caused a plunge in Aramco shares.
Two anonymous US officials said the strike targeted Iranian physical hardware in a bid to curb 'propaganda'.
The world's largest exporter of crude cuts oil prices in its largest market in a defensive move against rival exporters Iran and Iraq.
Documents viewed by The Guardian alleged that the UK's then-energy minister Kwasi Kwarteng held secret meetings with Saudi Aramco, SABIC and Alfanar Group during an official visit to Saudi Arabia in January.