Home PoliticsAmerica Democrats Want Another War, Now with Saudi

Democrats Want Another War, Now with Saudi

by S. Jack Heffernan Ph.D

A powerful US senator called Monday for Washington to freeze all cooperation with Saudi Arabia over its decision to “underwrite” Russia’s war in Ukraine by slashing oil production.

Riyadh, Moscow and other top oil producers agreed last week to a deep cut in production to boost crude prices, in a move denounced by the United States as a concession to Moscow that would hurt the global economy.

“There simply is no room to play both sides of this conflict — either you support the rest of the free world in trying to stop a war criminal from violently wiping off an entire country off of the map, or you support him,” Bob Menendez, who chairs the powerful Senate Foreign Relations Committee, said in a statement.

“The Kingdom of Saudi Arabia chose the latter in a terrible decision driven by economic self-interest.”

The 13-nation, Saudi-led OPEC cartel and its 10 allies headed by Russia agreed to reduce output by two million barrels a day from November — raising fears that oil prices could soar.

Saudi Arabia said OPEC’s priority was “to maintain a sustainable oil market” but its move drew a swift rebuke from the Washington, which is leading efforts to isolate major energy producer Russia over its invasion of Ukraine.

“The United States must immediately freeze all aspects of our cooperation with Saudi Arabia, including any arms sales and security cooperation beyond what is absolutely necessary to defend US personnel and interests,” Menendez said.

“As chairman of the Senate Foreign Relations Committee, I will not green-light any cooperation with Riyadh until the kingdom reassesses its position with respect to the war in Ukraine. Enough is enough.”

An outspoken critic of Riyadh, Menendez has been at the forefront of the campaign to sanction Saudi royalty over the 2018 murder of Washington Post columnist Jamal Khashoggi, which US intelligence concluded was ordered by de facto leader Mohammed bin Salman.

He is the latest in a string of lawmakers calling for a rethink on the US-Saudi relationship but is able to wield considerably more influence than most in his drive to impose increased scrutiny on arms sales.

When former president Donald Trump issued an emergency declaration to bypass Congress in approving a weapons deal with Riyadh in 2019, Menendez jammed up the process by refusing to acknowledge the White House’s notification of the sale until he had received answers about his concerns about use of US-made weaponry in Yemen.

“I am horrified by Russia’s depraved and desperate escalation against civilian infrastructure across Ukraine — including in Kyiv,” he said.

“I pledge to use all means at my disposal to accelerate support for the people of Ukraine and to starve Russia’s war machine.”

You may also like


Your Trusted Source for Capital Markets & Related News

© 2024 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.