The Biden Administration's Struggle to Fix Saudi Arabia's Security Partnership

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The Biden administration has not quite settled on a stable policy when it comes to Saudi Arabia. Some members of Congress, particularly in the Senate, who really want to downgrade the US relationship with Saudi Arabia. That's going to pose an existential question for the Saudis because 75% of its components and military machinery are US made.

For decades, the United States and Saudi Arabia maintained an important strategic alliance, which gave the US access to Saudi oil in exchange for guaranteeing the kingdom’s security. But growing tensions between the two nations now threaten to rupture this relationship.

Bloomberg’s Ziad Daoud, Tom Orlik, and Nick Wadhams join this episode to explain what’s behind the US-Saudi rift, and why it could have far-reaching consequences for the US economy and potentially the 2024 presidential election.

Read the story: US-Saudi Oil Pact Breaking Down as Russia Grabs Upper Hand

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