US loses Saudi Arabia – Oil surge is the new buzzword on the road to China and Russia

Saudi Arabia has until recently been one of the main pillars of American influence in the Middle East. But the facts are changing. Riyadh seems determined to break free from American tutelage and forge its own path, ignoring US interests as long as they don’t align with its own. The invitation to Saudi Arabia to join the BRICS group, which is dominated by China and Russia, was a first resounding message to the US that the alliance with the Saudis is now quite fragile. It followed fresh collusion with Russia to cut oil supply that sent the price of a barrel on Tuesday above $95 (up more than 25% from June) for the first time in 10 months when oil prices had soared – above $120 a barrel – following Russia’s invasion of Ukraine in February 2022. Estimates are […]
Source: News Beast

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