Saudi-US Tensions Simmer
“The president isn’t going to act precipitously,” Sullivan said on Sunday to CNN. Biden will “take his time to consult with members of both parties put over oil risks causing irreparable harm to US relations with Saudi Arabia, a crucial partner for Washington in the Middle East.
Effects: In response, officials across the Middle East have denied the supply decrease was politically motivated or a reflection of support for Russia following its invasion of Ukraine. Saudi Defense Minister Khalid Bin Salman said the decision was “due to purely economic reasons,” while ministers from the UAE and Bahrain defended OPEC+. They also pushed back against the suggestion from the White House that Saudi Arabia coerced some wavering members of the cartel into supporting the move.
What's in it for you: Saudi Arabia has recently said that the relationship is strategic and crucial to both sides. Still, soaring oil prices have emboldened Crown Prince Mohammed Bin Salman, pushing the kingdom to take a more prominent role internationally and stand up for its interests against the US it sees as increasingly disengaged from Middle Eastern allies.
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