Classifieds

Commentary
For decades, Saudi Arabia has allied with the United States based on the exchange of oil for security. The Saudis pump when the oil price gets too high, and America promises to come to Saudi Arabia's defense when, for example, Iraq or Iran start lobbing missiles. Thus, America never sinks too far into oil-starved recession, and is strong enough to stabilize the Middle East.
Now however, the Saudis are leaning away from America and towards their biggest new customer—China. Riyadh is no longer pumping at Washington's request, resulting in sky-high inflation, interest rate rises, and an impending recession. The deal is off, and the Biden administration is displeased....