Funny... No mention of the fact that the 50-year petrodollar deal just expired and Saudi Arabia has the US bent over an oil barrel.
"It would be a shame if we started selling all our oil in renminbi and world de-dollarization went into overdrive."
#^US, Saudi Arabia close to finalizing draft security treaty, WSJ reportsThe Biden administration is close to finalizing a treaty with Saudi Arabia that would commit the U.S. to help defend the Gulf nation as part of a deal aimed at encouraging diplomatic ties between Riyadh and Israel, the Wall Street Journal reported on Sunday, citing U.S. and Saudi officials.
The possible deal, widely telegraphed by U.S. and other officials for weeks, is part of a wider package that would include a U.S.-Saudi civil nuclear pact, steps toward the establishment of a Palestinian state and an end to the war in Gaza, where months of ceasefire efforts have failed to bring peace.
Approval of the treaty, which the WSJ said would be known as the Strategic Alliance Agreement, would require a two-thirds majority vote in the U.S. Senate, a threshold that would be difficult to achieve unless the treaty were tied to Israeli-Saudi normalization.
#
politics
