As Saudi Arabia Cools on the U.S., It Warms to China

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🗓️ 17 March 2022

⏱️ 16 minutes

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Summary

President Joe Biden wants Saudi Arabia to pump more oil, to alleviate global supply concerns amid sanctions on Russia. But the U.S.-Saudi relationship has grown so strained that Crown Prince Mohammed Bin Salman is refusing to take Biden’s call. Now, the kingdom has turned its attention toward another buyer: China. WSJ’s Stephen Kalin explains why Saudi Arabia is growing cold on the U.S. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Recently, the White House has been trying to arrange a phone call between President Joe
0:09.6	Biden and the de facto leader of Saudi Arabia, Crown Prince Muhammad bin Salman.
0:16.4	According to US officials, one of the things that Biden wants to talk to the Crown Prince
0:20.4	about is oil.
0:22.7	Since Russia began its invasion of Ukraine, oil prices have surged.
0:27.0	After this month, gas had an average of more than $4 a gallon in the US.
0:32.0	So President Biden wants the Crown Prince's help in getting gas prices back down.
0:37.2	He wants Saudi Arabia, traditionally an ally of the US, to pump more oil.
0:43.1	But there's a problem.
0:45.0	According to US and Middle East officials, the Crown Prince won't take Biden's call.
0:50.6	Meanwhile, Saudi Arabia is forging a new partnership.
0:54.7	One that could challenge the US's place in the global economy.
1:01.3	Welcome to the journal, our show about money, business, and power.
1:05.3	I'm Ryan Knutson.
1:06.3	It's Thursday, March 17th.
1:14.6	Coming up on the show, how the US-Saudi relationship soured, and what it means for America's
1:20.1	global influence.
1:50.1	Are colleagues Stephen Kaelin covers Saudi Arabia from the country's capital, Riyadh?
2:01.1	He's been there for about five years.
2:02.6	I'm in the Middle East correspondent for the Wall Street Journal.
2:04.6	I'm going to pause you just for a second.
2:05.6	I hear some background noise.
	...

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