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Oil Thirst Is Forcing Biden to Pivot U.S. Back to Saudi Arabia

  • President’s staff argues icy approach not serving U.S. goals
  • Crown prince isn’t ready to forgive perceived insult
Bloomberg business news
Oil Surges for Third Straight Day

President Joe Biden has been reluctantly drawn into closer ties with Saudi Arabia’s king-in-waiting, forced by Russia’s invasion of Ukraine to rethink a standoffish approach as the U.S. struggles to curb soaring oil prices. 

The problem is Crown Prince Mohammed bin Salman isn’t ready to play along.