Saudi Arabia's Response to the US's OPEC Cut Production

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The deal to restore diplomatic relationship between the two countries was actually broke by China and signed in Beijing. The US so far has not responded with alarm, but Washington is not happy about this clearly. In a lot of ways, Saudi Arabia represents a real schizophrenia when it comes to US policy,.

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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