This article discusses the economic and political consequences of lower oil prices. It also describes the specific impact of falling oil prices, Saudi Arabia, the Russian Federation and Iran. The analysis of the reasons for the fall in oil prices, namely the impact of the US production of shale oil, oil smuggling and others. It was also found the relationship of economic and political reasons for the fall in oil prices.
Key words: Economics, Politics, Saudi Arabia, Russia, Iran, shale oil, falling oil prices, OPEC.