After the OPEC+ crisis.. US seeks to calm tensions with Saudi Arabia – Details?
Despite the ongoing disputes over oil policies, Saudi-US relations are witnessing clear efforts aimed at defusing the tensions that arose from OPEC+’s decision earlier this month to drastically reduce oil production, which provoked American anger in light of a large Gulf disregard for the US reaction. This prompted the US administration to make any attempt to strengthen relations with Saudi Arabia and the Gulf once again. Democrats are trying to retain control of the House of Representatives and the Senate.
American pacification
The Forum for the Future Investment Initiative (FII) of the Kingdom, which attracted major American businessmen, revealed an opportunity for both parties to confirm confidence in the flexibility of the US-Saudi relations, as the United States had positive messages to ease tensions with the Kingdom of Saudi Arabia, and the White House welcomed the steps taken by Saudi Arabia to help Ukraine in its war with Russia, Arab Weekly said. As in previous years, the three-day FII forum, called “Davos of the Desert”, which opened on Tuesday, saw a large turnout from Wall Street, in addition to other industries with strategic interests in the Kingdom. Jimmy Damon, the CEO of JP Morgan Chase & Co., spoke about his confidence in the United Kingdom and the States that they would maintain everything, adding that I could “Saudi Saudi Saudi Arabia,” They will work to solve the problem. I am reassured that people on both sides are working and that these countries will remain allies to move forward. We hope they will help the world develop and grow properly.”
Forceful defense
In the same context, the plan to develop Vision 2030 for Saudi Crown Prince Mohammed bin Salman includes the Kingdom’s economy not to rely on oil through the establishment of new industries that also provide jobs for millions of Saudis, while attracting foreign capital and talent. Despite the desire to overcome the disagreement, Saudi Arabia still provides a strong defense of its oil policies. On Tuesday, Energy Minister Prince Abdul Aziz bin Salman said: “Some countries use emergency stockpiles to manipulate markets when they are intended to alleviate any shortage of supplies. The suspension seems to be a criticism of the decision of US President Joe Biden to sell oil from the country’s emergency oil reserves as he tries to reduce the price of gasoline before the mid-term elections on November 8.
