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AmericasNEWS

Biden warns of ‘consequences’ for Saudi Arabia over OPEC+ oil cuts

SRI NewsDesk
By SRI NewsDesk Published October 12, 2022
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US President Joe Biden has promised “consequences” for Saudi Arabia after a Riyadh- led coalition of oil painting-producing nations sided with Russia to cut affair in a shot to boost prices.

“I’m not going to get into what I’d consider and what I’ve in mind. But there will be consequences,” Biden told US broadcaster CNN on Tuesday.

The 13- nation OPEC combination and its 10 abettors headed by Moscow infuriated the White House last week with its decision to cut production by two million barrels a day from November, raising fears that oil painting prices could soar.

Saudi Arabian Foreign Minister Prince Faisal bin Farhan Al Saud said to Al- the Arabiya channel on Tuesday that the OPEC decision was purely profitable and was taken unanimously.

He added that OPEC members acted responsibly and took the applicable decision, saying that the alliance seeks to stabilise the request and achieve the interests of directors and consumers.

Also Read: Biden’s visit to the Middle East: The Echo of Iranian Nuclear Deal

Politic poke
The OPEC decision was extensively seen as a political poke in the face since Biden traveled to Saudi Arabia in July and met with Prime Minister Mohammed bin Salman.

before on Tuesday White House National Security Council prophet John Kirby said that Biden was “willing to work with Congress to suppose through what that relationship(with Saudi Arabia) ought to look like going forward,” although he clarified that no formal conversations had yet begun.

His reflections came a day after Bob Menendez, the Popular president of the influential Senate Foreign Relations Committee, called for Washington to halt all cooperation with Riyadh.

“The United States must incontinently indurate all aspects of our cooperation with Saudi Arabia, including an arms deals and security cooperation beyond what’s absolutely necessary to defend US labor force and interests,” Menendez said.

“As president of the Senate Foreign Relations Committee, I’ll not greenlight any cooperation with Riyadh until the area reassesses its position with respect to the war in Ukraine.”

US arms trade to Saudi Arabia
The cooperation between the United States and Saudi Arabia was sealed after World War II, furnishing the area with military protection in exchange for American access to oil painting.

Fraught with heads, the relationship was revived by Biden’s precursor Donald Trump, whose single term saw Riyadh counting for a quarter of US arms exports, according to the Stockholm International Peace Research Institute.

Continuing the fellowship, Biden’s State Department blazoned in August that Saudi Arabia would buy 300 Patriot MIM-104E bullet systems, which can be used to bring down at long-range incoming ballistic and voyage dumdums, as well as attacking aircraft.

Saudi Arabia has faced recent rocket pitfalls from Yemen’s Houthi revolutionists, who have been supplied with Iranian outfits and technology.

Biden said last week that he’d look at druthers to help gas price hikes.

These could include farther releases from the US Strategic Petroleum Reserve, potentially increased domestic drilling, as well as further drastic measures, including limits on exports.

Also Read:  Saudi Arabia launches five renewable energy projects – state news agency

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