A bump and a miss: Saudi oil cut slaps down Biden’s outreach
2022-10-07 09:08:49 source:The Associated Press
October 6, 2022
WASHINGTON (AP) — President Joe Biden on Thursday effectively acknowledged the failure of one of his biggest and most humiliating foreign policy gambles: a fist-bump with the de-facto leader of Saudi Arabia, the crown prince associated with human rights abuses.
Biden’s awkward encounter with Mohammed bin Salman in July was a humbling attempt to mend relations with the world’s most influential oil power at a time when the US. was seeking its help in opposing Russia’s invasion of Ukraine and the resulting surge in oil prices.
That fist bump three months ago was followed by a face slap this week from Prince Mohammed: a big oil production cut by OPEC producers and Russia that threatens to sustain oil-producer Russia in its war in Ukraine, drive inflation higher, and push gas prices back toward voter-angering levels just before U.S. midterms, undercutting the election prospects of Biden and Democrats.
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