Tuesday, 22 March 2022

Ukraine War, Russia Oil Loss Forces Biden to Move U.S. Back to #SaudiArabia, MBS - Bloomberg video

Ukraine War, Russia Oil Loss Forces Biden to Move U.S. Back to Saudi Arabia, MBS - Bloomberg


President Joe Biden has been reluctantly drawn into closer ties with Saudi Arabia’s king-in-waiting, forced by Russia’s invasion of Ukraine to rethink a standoffish approach as the U.S. struggles to curb soaring oil prices.

The problem is Crown Prince Mohammed bin Salman isn’t ready to play along.

The softening U.S. attitude, described by a dozen people familiar with the debate, follows months of efforts by some senior administration officials to convince a wary president that ignoring the de facto Saudi leader was hampering U.S. foreign policy goals. The need to isolate Moscow gave new impetus to that push. One official described Russia’s aggression as a paradigm-shifting event that changes the way the U.S. looked at Saudi Arabia.

Saudi Arabia is the Middle East’s economic powerhouse and for years has been a political heavyweight in the region’s affairs and a dominant force in OPEC+ -- a powerful alliance between the oil-exporters’ cartel and Russia. It’s also one of the biggest buyers of American weapons.

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