The Saudi Perspective on Security

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The Saudi perspective on security is actually interesting, because it's easy to focus on the relationship right now. But there is a bit of history to this as well. You know, if you go a bit further back in time, 2019, there was an attack on Saudi oil facilities that took half of Saudi oil production off the market in an instant. The share revolution, which hedged the U.S. partially economically from rising oil prices, maybe also led to some disinterest in the region where Saudi Arabia is in and that led it to look for other options for security guarantees.

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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