Biden to ‘continue to reassess’ US-Saudi ties after OPEC cuts

On July 15, President Biden and Saudi Crown Prince Mohammed bin Salman.

President Biden poses with Saudi Crown Prince Mohammed bin Salman on July 15. Photo: Royal Saudi Arabian Court/Anadolu Agency via Getty Images

President Biden will “continue to reassess” the U.S. relationship with Saudi Arabia after a group of international oil exporters and Russia decided to slash oil production in response to falling oil prices, said National Security Council spokesman John Kirby. told CNN on Tuesday.

Newest: Biden told CNN in an interview that aired on Tuesday that Saudi Arabia’s decision to cut oil production would have “consequences,” but declined to elaborate further.

Push News: The White House warned last week that Biden could support legislation aimed at reducing OPEC’s grip on energy prices, according to Axios’ Alayna Treene and Hans Nichols report, a sign that Biden is considering a new escalation approach to Saudi Arabia.

  • Kirby repeated the warning on Tuesday, stressing that Biden is “willing” to work with Congress to redefine the relationship.

Why it matters: OPEC+’s decision to cut oil production by 2 million barrels a day starting in November could have ripple effects around the world. In the US, the move could raise gas prices again — just before the midterm elections, according to Axios’ Ben Geman.

What are they talking about: “I think the president is very clear that this is a relationship that we need to continue to re-evaluate and that we need to be willing to re-examine,” Kirby told CNN.

  • “Certainly, given OPEC’s decision, I think that’s where he’s at, and he’s willing to work with Congress to think about what that relationship should look like going forward,” Kirby added.
  • Kirby later added in a conference call with reporters that OPEC’s move to cut production was “a short-sighted decision that benefits Russia at a time when no one should try to benefit Vladimir Putin.”

Saudi ArabiaOil Minister Abdulaziz bin Salman has said OPEC+ is just trying to get a head start on a possible drop in demand, Dave Lawler of Axios reports .

Big picture: According to CNN, Biden administration officials tried earlier this month in a last-minute lobbying effort to dissuade OPEC+ from making the decision, saying the production cut could be a “total disaster” and could be interpreted as “a total disaster.” Hostile Acts”.

  • Biden faced backlash over his visit to Saudi Arabia in the summer and clashed with Crown Prince Mohammed bin Salman ahead of a meeting aimed at recalibrating U.S.-Saudi relations and strengthening U.S. involvement in the country. regional influence.


Editor’s Note: This article has been updated with new details.

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