Goodbye Petro Dollar- Biden rebuffed as US relations with Saudi Arabia and UAE hit new low

As Joe Biden moved to open US strategic oil reserves, his two biggest oil-producing allies have kept their tanks firmly shut. The UAE and Saudi Arabia continue to rebuff the US president as he attempts to counter soaring oil prices prompted by Russia’s invasion of Ukraine. And both countries have been unusually frank about their refusal to step in.

The five-week-old war is bringing tensions to a head in several parts of the world, but perhaps nowhere is a regional order more under strain than the Middle East, where two of America’s biggest allies are now seriously questioning the foundations of their relationship.

www.yahoo.com/news/biden-rebuffed-us-relations-saudi-050011622.html

h/t Gray Man

Leave a Comment


This site uses Akismet to reduce spam. Learn how your comment data is processed.