this post was submitted on 10 Aug 2024
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Didn't Saudi's just pull out of petrodollar agreement.
Yes but Biden is giving the Saudis everything they want so they don't turn on israel from the huge pressure of their population.
I don't think Saudis are dumb enough to directly attack Israel. If they do US will be forced to respond and Saudis don't have anything to leverage. US mostly doesn't need Saudi oil US liked petrodollar but that's anyway gone. And anyway most of the weapons Riyadh has came from US.
Saudi hosts a massive amount of US military bases to keep the region in check.
Israel needs countries in the region to accept their pariah state as legitimate. The reason Saudi agreed to the Abraham accords was the concessions of American weapons.
Saudi can control a large portion of the global market simply because they control energy. There was one Saudi king called Faisal who stood up to israel in 1975 and shut off the oil. He crashed the global markets. Afterwards he was assassinated by his Americanized Nephew.