April 6, 2023
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1:27Now PlayingRelations between Saudi Arabia and the US have become strained by oil and distrust. Bloomberg's Iain Marlow explains.
More than seven decades ago, the US and Saudi Arabia, despite differences on human rights and the Arab-Israeli conflict, established a close alliance. It was based on an exchange:
The US gave security guarantees to Saudi rulers, and they promised access to the kingdom’s vast oil reserves. The arrangement has withstood periodic conflicts over the years.
Of late, however, the relationship’s moorings have weakened, with the US no longer as dependent on Saudi oil and the Saudis less trusting of US protection. As a result, disputes that once might have been papered over can now seem like potential ruptures.
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