Republican U.S. senators who have introduced a bill that would remove U.S. defense systems and troops in Saudi Arabia unless it cuts oil output will hold a call with the kingdom’s officials on Saturday: source by TimoGard
WASHINGTON - Republican U.S. senators who have introduced a bill that would remove U.S. defense systems and troops in Saudi Arabia unless it cuts oil output will hold a call with the kingdom’s officials on Saturday, a source familiar with the planning said on Tuesday.
The senators’ bill would remove U.S. troops, Patriot missiles and THAAD defense systems from the kingdom and put them elsewhere in the Middle East unless it cuts oil output. “If there is a deal, we would suggest that Saturday’s conversation could serve to reinforce decisions taken Thursday or Friday,” the note said. If there’s no deal, “the call could potentially catalyze further negotiations.”
Threatening the defense relationship with Saudi Arabia, which is vulnerable to attacks from arch rival Iran without U.S. protection, has given the two senators an outsized role in Washington’s campaign to boost oil output.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Oil falls after Saudi Arabia, Russia delay meetingOil prices fell on Monday, after Saudi Arabia and Russia delayed a meeting to discuss output cuts that could help reduce global oversupply as the coronavirus pandemic pummels demand.
Read more »
Carnival Soars After Saudi Sovereign-Wealth Fund Discloses StakeShares in the company rose 20% after Saudi Arabia’s Public Investment Fund disclosed an 8.2% stake in the world’s largest cruise operator.
Read more »
Russia and Saudi 'very close' to oil deal – Moscow envoyKirill Dmitriev, one of Russia's top oil negotiators who also heads the sovereign wealth fund, says a deal is imminent, a month after oil prices tumbled due to the coronavirus pandemic and a price war between Russia and Saudi Arabia.
Read more »
Russia, Saudi 'very, very close' to a deal on oil output cuts - CNBCSaudi Arabia and Russia are 'very, very close' to a deal on oil production cuts, Russia's sovereign wealth fund chief told CNBC on Monday https://www.cnbc.com/2020/04/06/russia-saudi-arabia-are-very-close-to-an-oil-production-deal-rdif.html.
Read more »
Credit Markets Show Signs of Stabilizing After Historic Fed InterventionMost new bond sales are still coming from well-established companies with higher credit ratings, reflecting a consensus that a deep recession is ahead
Read more »