Mohammed bin Salman’s move to inflate oil prices has angered the Democrats in Washington. The Saudi Royal Family declared it would reduce oil output to raise prices at yesterday’s Opec+ Cartel meeting in Vienna. This move was in line with Vladimir Putin’s interests, and directly opposed to US wishes, which had been clearly communicated to Riyadh. Following the announcements in Vienna, US lawmakers proposed a bill cutting the KSA off from strategic support. The bill would entail a full removal of US troops from the Kingdom, which has enjoyed decades of protection from the US. The growing rift between the Saudi Royal Family and Democrat party in the US could see MBS move away from the US Dollar as the reserve currency for oil.
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