Authored by Simon Watkins via OilPrice.com, Trump designates Saudi Arabia a “major non-NATO ally,” marking a dramatic turnaround from years of strained relations marked by an oil price war and diplomatic freezes. In return, Washington expects Saudi Arabia to align more closely with U.S. interests. The U.S. expects Riyadh to help keep prices within a “Trump Oil Price Range” of roughly $40–80 per barrel. From the beginning of Donald Trump’s first term in office in 2017 to the start of his second term earlier this year, the relationship between the U.S. and Saudi Arabia shifted between tense and downright hostile….
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