According to KSA Prince and Ambassador to the US and UK, the world oil price crunch is all on the Biden administration why everything is sinking into chaos.
Crown Prince Mohammed bin Salman disregarded the US president by ignoring when the US requested to increase oil products. To add insult to injury, the Prince entertained Russian president Vladimir Putin.
Middle East Allies Don't Like the White House
In the same month, US media reported that Riyadh was negotiating with Beijing about pricing some of its oil in yuan, a prospect that may kill the petrodollar, reported Sputnik News.
Saudi Arabia's former ambassador to the United States and the United Kingdom, as well as the former director-general of the Kingdom's General Intelligence Directorate, Prince Turki Al-Faisal Al Saud, has shed light on the major causes of the unprecedented cooling of Saudi-US relations under Joe Biden.
He went on to say that the challenge is the Houthis' utilization Red Sea, the Arabian Gulf, and the Arabian Sea as a means to undermine Saudi Arabia, as well as the security and stability of international sea lanes, noted Arab News.
One of the reasons for the trouble is President Joe Biden not listing them as a foreign terrorist organization shortly after coming into office in early 2021. This world oil price crunch could have been avoided had it not been for the Biden administration's mistakes that made everything worse.
Also, the ending of US military support for the Saudi-led war in Yemen; made the militia more aggressive in the attacks on Saudi Arabia and the United Arab Emirates.
Last month, the Saudi-backed government in Yemen was dealt a major setback when Abd Rabbuh Mansour Hadi, Yemen's exiled former president, fled to Riyadh in 2015.
Prompting Saudi Arabia and a coalition of Gulf allies to launch a years-long military campaign to restore him to power, he announced his resignation, cited Press TV.
According to Prince Turki, our relationship with the United States has always been viewed as strategic. There have been ups and downs over the years, and perhaps now is one of them, especially since the US declared that it would make Saudi Arabia a pariah state during his electoral campaign.
Tehran has officially declared solidarity for the Houthis in the fight against Saudi Arabia but has rejected reports that it is aiding Shia militias, noting the Saudi-led coalition's air and naval embargo of Yemen.
Crisis Caused by the US
When asked about the recent energy disruptions that the US and its allies have experienced, Prince Turki indicated that Washington's energy generated the predicament of failed policy and geopolitical strategy.
He went on to say that the US government's policy under the 46th president was to remove all ties to the so-called oil and gas industry. The United States has stopped producing oil and gas, despite being the world's largest producer of these two energy resources in recent years.
All the EU and US sanctions directed at the Russian oil industry have added to the increase in oil prices. All of the EU and US sanctions targeting the Russian oil industry have contributed to the rise in oil prices.
The princes' position in the Ukraine crisis was to condemn the aggression of Russia but offered to mediate, and the Kingdom enjoyed good relations with the conflicted nations. A world oil price crunch is due to the mistakes of the Biden administration that led to the energy woes of all nations.
