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giftedviz.com December 09, 2018


I told Saudi king he wouldn't last without U.S. support: Donald Trump

04 October 2018, 04:29 | Austin Hogan

Trump called King Salman on Saturday to discuss efforts to maintain supplies to ensure oil market stability

Trump called King Salman on Saturday to discuss efforts to maintain supplies to ensure oil market stability

While the kingdom's ties with the USA have improved under Trump, Tuesday's remarks were unusually harsh and appeared to question the stability of a monarchy in power since the 1930s.

Criticizing America's longstanding military relationships with allies has been a hallmark of Mr. Trump's presidential campaign and his time in office.

The state-run Saudi Press Agency reported the call, saying "the efforts to maintain supplies to ensure the stability of the oil market and ensure the growth of the global economy" were discussed by the two leaders. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

Reuters reported on Wednesday that Russian Federation and Saudi Arabia struck a private deal in September to raise oil output to cool rising prices and informed the United States before a meeting in Algiers with other producers. "I love the king, King Salman, but I said, 'King, we're protecting you. You have to pay for your military, you have to pay.'" Whether or not he actually said this to the King is questionable, but the fact that he appears to be insulting the Saudi monarchy in public offers more evidence that he wants them to lower oil prices from today's highs. Riyadh has worked to cultivate warm relations with Mr. Trump after having rocky moments with former President Barack Obama.

Trump made Saudi Arabia his first stop on his maiden worldwide trip as president past year. Since the group's September meeting in Algiers, Brent crude has jumped US$6 to about US$85 a barrel, a four-year high.

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The country's record high oil output remains the 10.72m barrels per day it produced in November 2016. It was around $50 (€43) a year ago.

Speaking at the United Nations General Assembly in NY last month, Trump said OPEC members were "as usual ripping off the rest of the world". "Nobody should like it", he said.

The US crude oil price is pausing for breath after its strong advance ahead of US sanctions on Iran, which take effect on November 4.

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