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President Biden with Saudi Crown Prince Mohammed bin Salman connected July 15. Photo: Royal Court of Saudi Arabia/Anadolu Agency via Getty Images
President Biden volition "continue to re-evaluate" the U.S.' narration with Saudi Arabia aft a radical of planetary lipid exporters and Russia decided to importantly chopped lipid accumulation successful effect to falling substance prices, National Security Council spokesperson John Kirby told CNN connected Tuesday.
The latest: Biden told CNN successful an interrogation broadcast Tuesday determination would beryllium "consequences" for Saudi Arabia implicit the determination to chopped lipid output, declining to elaborate further.
Driving the news: The White House warned past week that Biden whitethorn enactment authorities aimed astatine reducing OPEC’s power implicit vigor prices, suggesting Biden is considering a new, escalatory approach with the Saudis, Axios' Alayna Treene and Hans Nichols report.
- Kirby reiterated this informing Tuesday, stressing that Biden is "willing" to enactment with Congress to redefine relations.
Why it matters: OPEC+'s determination to slash lipid accumulation by 2 cardinal barrels per time starting successful November could person a ripple effect astir the world. In the US, the determination could summation the terms of state again — close earlier the midterm elections, Axios' Ben Geman reports.
- OPEC+'s effort to prop up lipid prices could besides payment Russia's backing of its brutal and amerciable penetration of Ukraine.
What they're saying: "I deliberation the president’s been precise wide that this is simply a narration that we request to proceed to re-evaluate, that we request to beryllium consenting to revisit," Kirby told CNN.
- "And surely successful airy of the OPEC decision, I deliberation that's wherever helium is, and he's consenting to enactment with Congress to deliberation done what that narration ought to look similar going forward," Kirby added.
- Kirby added aboriginal successful a telephone with reporters that OPEC's determination to chopped accumulation was “a short-sighted determination and that it benefited Russia, astatine a clip erstwhile nobody, successful immoderate capacity, should beryllium trying to payment Vladimir Putin."
For Saudi Arabia's part, Oil Minister Abdulaziz bin Salman has said OPEC+ was conscionable trying to get up of a imaginable simplification successful demand, Axios' Dave Lawler reports.
The large picture: Biden medication officials attempted to dissuade OPEC+ from the determination with a last-minute lobbying effort earlier this month, saying the the chopped could beryllium a "total disaster" and whitethorn beryllium interpreted arsenic a "hostile act," according to CNN.
- Biden faced backlash successful the summertime for his travel to Saudi Arabia and fist-bump with Saudi Crown Prince Mohammed bin Salman earlier a meeting, which was meant to recalibrate U.S.-Saudi ties and bolster U.S. power successful the region.
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Editor's note: This nonfiction has been updated with caller details throughout.
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