Obama to hear Saudi worries on Iran, discuss oil

* Obama starts tour to Middle East and Europe on Wednesday

* Saudi Arabia is first stop

* Obama to discuss Arab-Israeli conflict with King Abdullah

* Also plans to discuss U.S. policy towards Iran, oil prices

By Ulf Laessing

RIYADH, June 3 (Reuters) - U.S. President Barack Obama is set to discuss with King Abdullah the Arab-Israeli conflict, diplomatic overtures towards Iran and oil prices when he starts a tour to the Middle East and Europe in Riyadh on Wednesday.

Saudi Arabia is the first stop in a tour that will take Obama to Germany, France and Egypt, where he plans to deliver a much-anticipated speech to the Muslim world. [ID:nLT697385]

Al Qaeda's second-in-command urged Egyptians on Tuesday to reject Obama's visit, calling him a criminal. [ID:nL2251182]