First published at 22:32 UTC on June 13th, 2024.
💭 Biden appears to be lost and confused at the 50th G7 summit in Italy.
Biden: “Where are you MBS (Mohammad bin Salman) ? Why are you ditching the 50 year Petrodollar deal, you son of Muta?”
Saudi Arabia has decided not to renew its 50-year Petr…
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💭 Biden appears to be lost and confused at the 50th G7 summit in Italy.
Biden: “Where are you MBS (Mohammad bin Salman) ? Why are you ditching the 50 year Petrodollar deal, you son of Muta?”
Saudi Arabia has decided not to renew its 50-year Petrodollar deal with the United States, which expired on Sunday, June 9, as per media reports.
This agreement, originally signed on June 8, 1974, had been a key part of US global economic influence.
The deal set up joint commissions for economic cooperation and Saudi Arabia's military needs. Back then, American officials hoped it would encourage Saudi Arabia to produce more oil and strengthen economic ties with Arab countries.
☆ The 50th G7 Summit in Italy – Preparation For World War III
☆ The 50-year-old US-Saudi Petrodollar Pact expires
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