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Saudis Willing to Raise Oil Output to Secure Israel Deal
- Saudi Arabia is willing to increase oil production if prices go up, which marks a shift from their previous stance. The talks also involve possible recognition of Israel, potentially reshaping Middle East geopolitics.
- The negotiations include a potential three-way deal with the U.S. offering nuclear assistance. If successful, this would be a major diplomatic victory for President Biden ahead of his re-election campaign.
- However, any decision by Saudi Arabia to raise oil output would be complicated by their alliance with Russia in OPEC+, as both countries have previously limited production to keep prices high.
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Saudis Willing to Raise Oil Output to Secure Israel Deal
“Saudi Arabia has told the White House it would be willing to boost oil production early next year if crude prices are high—a move aimed at winning goodwill in Congress for a deal in which the kingdom would recognize Israel and in return get a defense pact with Washington,” the Wall Street Journal reports.
·New York, United States
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Coverage Details
Total News Sources8
Leaning Left1Leaning Right0Center7Last UpdatedBias Distribution87% Center
Bias Distribution
- 87% of the sources are Center
87% Center
13%
C 87%
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