Is where the US is putting its relationship with its favorite Middle Eastern ally, Saudi Arabia, due to OPEC+ decision to cut oil production, (https://t.me/IntelRepublic/6269) with rising tensions risking to irreversibly bring the blade down on the Saudi-US relations, as a bill submitted to US Senate to STOP arms sales to Saudi for one year, proves once again US got no friends, only interests (https://t.me/IntelRepublic/3815), as White House insists on a reevaluation of the relationship, claiming the cut in oil production shows Saudis are aligning their energy policy with Russia.
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The USA attempt to punish OPEC+ will hurt USA itself
Washington's attempt to punish Saudi Arabia and other oil producers for OPEC+'s decision to cut oil production could hit the USA hard...The main tool of the United States against Saudi Arabia may be the "law on the prohibition of oil production and export cartels" or NOPEC (No Oil Producing and Exporting Cartels Act), which proposes to subordinate OPEC to the antitrust law. NOPEC has been only a threat for the past 25 years and was considered a "nuclear" option that could only be used as a last resort
▪️ The adoption of the law will allow the United States to file an antitrust lawsuit against OPEC+ for manipulating prices on the world oil market. In response, OPEC+ countries can get rid of US financial assets and switch to oil pricing not in dollars, which can be "very expensive" for Washington https://www.bloomberg.com/opinion/articles/2022-10-17/us-saudi-arabia-relations-reach-low-point-over-opec-oil-cuts?leadSource=uverify%20wall
