In the face of high oil prices, Donald Trump assured his supporters that the Saudi monarchy would not hold two weeks without the protection of the United States. Saudi Arabia has since significantly increased its crude production.
Faithful to his unconventional diplomatic approach, US President Donald Trump told his supporters at a rally in Mississippi on October 2 an exchange he had with his Saudi ally, King Salman. “I love King Salman, but I told him,” We protect you, you will not stay [in power] for two weeks without our support, “the head of state said bluntly. An exit that clearly aimed to push Riyadh to pay this protection: “You must pay for your military capabilities, you must pay.”
If Donald Trump did not say when the exchange took place, the two leaders spoke by phone on September 29 to discuss global oil supplies, and ensure market stability. Oil prices are currently very high, with Brent futures trading at nearly $ 85 per barrel.
A price level that does not satisfy the tenant of the White House, who accused OPEC of “swindling the rest of the world” at the UN General Assembly on 25 September. “We defend many of these [OPEC] countries for nothing; they take advantage of us to make us pay for oil at high prices. It’s not good. We want them to stop raising prices. We want them to start lowering prices and now contribute substantially to their military protection, “said Donald Trump.
Reluctant before the last push of the US President to comply with his demands, just like the other members of OPEC , Saudi Arabia was finally sensitive to the arguments of his ally. On October 3, Riyadh announced that it had significantly increased its production of crude oil to 10.7 million barrels a day, according to Bloomberg , quoting the Saudi energy minister.