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US and Saudi Arabia Will Work Out Spat, Dimon and Falih Say

  • Escalating dispute over oil has frayed Washington-Riyadh ties
  • Row is a blip between allies, Saudi investment minister says
Bloomberg business news
WATCH: JPMorgan CEO Jamie Dimon comments on geopolitical risks and (from 1 min 37s) the US-Saudi Arabia relationship.Source: Bloomberg
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Riyadh and Washington will work through the recent tensions in their relationship and remain allies, a senior Saudi official and JPMorgan Chase & Co.’s chief executive said at the Future Investment Initiative conference.

An escalating dispute over an OPEC+ decision to cut oil production risks causing lasting damage to political relations between the US and Saudi Arabia. Wall Street seems unfazed, with a big turnout for the start of the kingdom’s FII event on Tuesday.