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Recession Odds, Inflation Fears Jump as US-Saudi Oil Pact Breaks Down

Just three years ago, when OPEC+ oil giants fell out, the US found itself playing the role of peacemaker. Now it looks more like their target.

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Recession odds, inflation fears rise as US-Saudi oil pact breaks down

The Saudi-Russia oil alliance has the potential to cause all kinds of trouble for the US economy and even for President Joe Biden’s re-election campaign. This month’s OPEC+ decision to cut crude output, for the second time since Biden flew to Saudi Arabia last summer seeking an increase, may be just the start.

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After Oil-for-Security: A Blueprint for Resetting US-Saudi Security Relations

Although U.S.-Saudi bilateral ties are on the mend, ambiguities and the transactional nature of the 1945 oil-for-security covenant contribute to mistrust and tensions. The burden of fixing or stabilizing the relationship is a shared responsibility. It’s time for Washington and Riyadh to reconfigure their security ties in accordance with new U.S. geopolitical priorities and new Saudi defense requirements. This report lays out such a process.

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The Arsenal of Tyranny | The Jewish Press - JewishPress com | Clifford D May | 24 Shevat 5783 – February 14, 2023

The Arsenal of Tyranny | The Jewish Press - JewishPress com | Clifford D May | 24 Shevat 5783 – February 14, 2023
jewishpress.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jewishpress.com Daily Mail and Mail on Sunday newspapers.

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The arsenal of tyranny

Tehran arms jihadis, terrorists and neo-imperialists.

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