Saudi Arabia Cuts Oil Production, Likely Raising Gas Prices, Bolstering Russia

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Saudi Arabia Cuts Oil Production, Likely Raising Gas Prices, Bolstering Russia
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President Joe Biden is effectively acknowledging the failure of one of his biggest foreign policy gambles: a fist-bump with the de facto leader of Saudi Arabia, the crown prince associated with human rights abuses.

The U.S. has no plans at the moment to withdraw military personnel or equipment from Saudi Arabia, State Department deputy spokesman Vedant Patel said Thursday.

Foreign arms sales ultimately are Congress’s to approve or disapprove, a U.S. official argued Thursday, so it was up to lawmakers to choose whether to try to make good on cutting U.S. weapons to Saudi Arabia. The official spoke on condition of anonymity to discuss the government's take on the matter.

Then Russia's February invasion of Ukraine worsened an already tight global oil market, driving up gasoline prices and inflation overall. Ally Israel and some in the administration argued that smooth relations between Riyadh and Washington had to be the U.S. priority. President Joe Biden on Friday said he spoke with Mohammed bin Salman Al Saud about the murder of Jamal Khashoggi along with economic and security issues while visiting Saudi Arabia.

“That is one major flaw of the Biden policy so far, that in this kind of U.S.-Saudi rapprochement, it has been lopsided, it’s been one-way concessions. And that doesn’t work for MBS.”

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