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Transcripts for CNN Fareed Zakaria GPS 20240604 14:03:00

well as other gulf states such as the uae and kuwait, to increase production of oil. american oil production is expanding as fast as it can. there are other paths worth trying such as easing the embargo on venezuela and returning to the iran nuclear deal. but the dove states can easily expand production by millions of barrels a day and keep those supplies flowing well into the future. yet, despite several new treaties by the united states, saudi arabia and the uae have refused to significantly increase production. and that brings us to the central issue, mohammad bin salman, the crown prince of saudi arabia. in the past biden has called saudi arabia a pariah. he has yet to hold a formal meeting with mohammad bin salman. in turn, mbs as he s often called, refused to increase oil productions and moved to strengthen his relations with

Transcripts for CNN Fareed Zakaria GPS 20240604 14:05:00

trump administration did practically nothing to retaliate. the ua faced a similar attack in january and was equally stressed that the biden administration was not more active in responding. there s a wage for washington to forge a new security umbrella in the region that includes israel, egypt and the gulf states. it would stabilize the community environment, foreclose the prospects of a nuclear arms race in the region and provide access to energy for the industrialized world. but that path would have to include making up with mohammad bin salman. i don t make this argument lightly. jamal khashoggi was my friend. in fact, when i visited saudi arabia in 2004, he was my companion and guide. i miss him dearly, even now. but the fact of the matter is mbs is likely to rule saudi arabia for the next 50 years. he is an absolute ruler like all of his predecessors but within the country, he is viewed as a

Transcripts for CNN Fareed Zakaria GPS 20240604 17:05:00

regarding their uncertainty in an increasingly stable middle east. the saudis were distressed after the attack on their oil facilities backed by yemen, the trump administration did practically nothing to retaliate. the ua faced a similar attack in january and was equally stressed that the biden administration was not more active in responding. there s a wage for washington to forge a new security umbrella in the region that includes israel, egypt and the gulf states. it would stabilize the community environment, foreclose the prospects of a nuclear arms race in the region and provide access to energy for the industrialized world. but that path would have to include making up with mohammad bin salman. i don t make this argument lightly. jamal khashoggi was my friend. in fact, when i visited saudi arabia in 2004, he was my companion and guide. i miss him dearly, even now. but the fact of the matter is mbs is likely to rule saudi arabia for the next 50 years. he is an absolute ruler like

Transcripts for CNN Fareed Zakaria GPS 20240604 17:03:00

against russia as countries would search for ways to gain cheaper energy. that is surely vladimir putin s hope. the only plausible path to keep the pressure on russia while not crippling the global economy is to get oil prices down and the only sustainable way to do this is to get the world s largest swing producer, saudi arabia, as well as other gulf states such as the uae and kuwait, to increase production of oil. american oil production is expanding as fast as it can. there are other paths worth trying such as easing the embargo on venezuela and returning to the iran nuclear deal. but the dove states can easily expand production by millions of barrels a day and keep those supplies flowing well into the future. yet, despite several new treaties by the united states, saudi arabia and the uae have refused to significantly increase production. and that brings us to the central issue, mohammad bin salman, the crown prince of saudi arabia. in the past biden has called saudi arabia a paria

Detailed text transcripts for TV channel - CNN - 20210611:08:35:00

looked ahead to the future, renewing the atlantic charter to emphasize their alliance. today we build on that commitment. reporter: biden and johnson also agreeing to work on restoring travel between the two nations shut down by the covid-19 pandemic. but one of the biggest points of tension between the two leaders is the status of northern ireland where brexit-fueled tensions have broken out and in the past biden has insisted on maintaining the good friday agreement. we do not want a guarded border. reporter: johnson denied reports biden pressured him to keep the agreement in place. there is complete harmony on the need to keep going, find solutions and make sure we uphold the belfast good friday agreement. reporter: biden will meet with several world leaders while abroad including a high stakes showdown with russian president vladimir putin and first lady jill biden says he s been studying for weeks. i think he s so well-prepared. i mean, he s you know, he s been stud

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