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Just dropped · Trial Balloon · Ep. 195

Shake Up

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Trial Balloon · Ep. 195: Shake Up

Biden Ends Saudi Arabia’s ‘Pariah’ Status

June 3, 2022 · 6:08 am ET · Leave a Comment

New York Times: “The visit represents the triumph of realpolitik over moral outrage, according to foreign policy experts. In the wake of Russia’s invasion of Ukraine, Mr. Biden has found it necessary to court other energy producers to replace oil from Moscow and stabilize world markets. The group of oil-producing nations called OPEC Plus, led by Saudi Arabia, announced on Thursday that it would increase production modestly in July and August. American officials expect the group to do more in the fall, but it may not be enough to bring down prices at the pump before November’s congressional elections.”

“The Biden administration had already been stepping up cooperation with Saudi Arabia on a variety of issues even before Russia’s invasion of Ukraine roiled world energy markets, particularly in seeking an end to the eight-year-old Saudi-led war in neighboring Yemen. A two-month-old truce was extended on Thursday, and Mr. Biden praised Saudi leaders for their role.”

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