![]() ![]() The expectation among observers is for another token increase in oil production, but nothing that will impact markets significantly. They’re worried Biden’s effort to revive the Iran nuclear accord will hand their rival an oil windfall to spend on militias, including the Houthi rebels in Yemen, who have attacked Saudi oil facilities. to reaffirm its security commitments to the region. One adviser to the government in Riyadh said King Salman and Prince Mohammed simply want the U.S. Saudi officials say the most important element of the visit is the symbolism - to draw a line under the past and move on - and any wider agreement on security, energy and Russia will take more time. gasoline pumps and Washington wants more. But it was never going to be enough to make a difference at U.S. It took months of talks - and the prospect of a Biden photo op with the crown prince - to squeeze additional barrels out of OPEC and its allies at a meeting on June 2. ![]() And the trouble is that Biden has a weak hand to play. Yet the relationship between the two men could now prove crucial to Biden’s political fortunes, however awkward. “From the start, my aim was to reorient - but not rupture - relations with a country that’s been a strategic partner for 80 years,” he wrote.Īt 79, Biden is more than twice the age of 36-year-old Prince Mohammed. In an op-ed in the Washington Post on July 9, Biden focused on security and said his administration had “reversed the blank-check policy we inherited” for Saudi Arabia. and Europe following the 2018 murder of Washington Post columnist and critic Jamal Khashoggi, and Biden’s aides have said human rights are on the agenda of his first Middle East trip.
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