In July, Joe Biden traveled to Saudi Arabia and shared a fist bump with the Saudi crown prince, Mohammed bin Salman. As a presidential candidate, Biden had promised to make Saudi Arabia a “pariah” for its human rights abuses and its seven-year war against Yemen. But a devastating global pandemic and Russia’s unprovoked invasion of Ukraine forced him to set these concerns aside in favor of realpolitik. Biden needed the Saudis to increase oil production in order to lower gasoline prices for American consumers, so he swallowed his pride and treated the crown prince as the world leader he aspires to be.
Unfortunately for Biden, that cringe-inducing fist bump photo op has backfired in spectacular fashion.
Earlier this month, the Saudi-led Opec+ energy cartel agreed to cut oil production by 2m barrels a day, which will mean higher fuel prices this fall and winter. In the days leading up to the vote, the Biden administration invested significant political capital in its efforts to dissuade Saudi Arabia and its allies from cutting production. In the end, Biden’s wooing of Prince Mohammed yielded nothing but a 2% reduction of the world’s oil supply.
In fact, the prince has inflicted political damage on the Biden administration a month before the US midterm elections. After soaring to $5 a gallon in June, US gasoline prices fell for more than three months. Now they are rising once again, increasing by an average of 12 cents a gallon over the past week, to $3.92.
Rising prices threaten the Democrats’ hopes of maintaining control over both houses of Congress after the November elections. The prince and his Gulf allies clearly preferred dealing with Donald Trump, whose freewheeling Republican administration gave Prince Mohammed a blank
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