Trump gave Saudi Arabia an ultimatum to cut oil supply or lose US military support

U.S. President Donald Trump Saudi Arabia's Crown Prince Mohammed bin SalmanREUTERS/Kevin Lamarque/File Photo

  • US President Donald Trump gave Saudi Crown Prince Mohammed bin Salman an ultimatum to end its oil price war with Russia — cut oil prices or lose US military support.
  • Earlier this month, Trump told bin Salman that unless the OPEC started cutting oil production, he would be powerless to stop lawmakers from passing legislation to withdraw U.S. troops from the kingdom, four sources familiar with the matter told Reuters.
  • "They were having a hard time making a deal. And I met telephonically with him, and we were able to reach a deal" for production cuts, Trump said.
  • Visit Business Insider's homepage for more stories.

WASHINGTON/LONDON/DUBAI (Reuters) - As the United States pressed Saudi Arabia to end its oil price war with Russia, President Donald Trump gave Saudi leaders an ultimatum.

In an April 2 phone call, Trump told Saudi Crown Prince Mohammed bin Salman that unless the Organization of the Petroleum Exporting Countries (OPEC) started cutting oil production, he would be powerless to stop lawmakers from passing legislation to withdraw U.S. troops from the kingdom, four sources familiar with the matter told Reuters.

See the rest of the story at Business Insider

NOW WATCH: Here's what it's like to travel during the coronavirus outbreak

See Also:



from Feedburner https://ift.tt/2zKpVHv
via IFTTT

Comments

Post a Comment

Popular posts from this blog

Autonomation

Image
“Jidoka” is a new one to me. TRI (Toyota Research Institute) CEO Gill Pratt described the concept as “Automation with a Human Touch.” The anglicized version of the notion is “Autonomation” — both are modified forms of “ automation,” in their respective languages. The word was originally applied to Toyota’s Production System, highlighting the need for human participation in the process. Quoting from Toyota here: Employing Jidoka principles throughout the production process is a vital element of the Toyota Production System, forcing imperfections to be immediately addressed by self-inspecting workers and thereby reducing the amount of work added to a defective product. Some automated machines can also function in the detection process, allowing human operatives to only be engaged when alerted to a problem. It’s a nice sentiment — a kind of harmony between robots and humans that ultimately plays to their respective strengths. There is, of course, a very real question of how fundamen
Read more

Tesla’s Dojo, a timeline

Elon Musk doesn’t want Tesla to be just an automaker. He wants Tesla to be an AI company, one that’s figured out how to make cars drive themselves.  Crucial to that mission is Dojo, Tesla’s custom-built supercomputer designed to train its Full Self-Driving (FSD) neural networks. FSD isn’t actually fully self-driving; it can perform some […] © 2024 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/9uhRcnY via IFTTT
Read more

Time for moderation?

Flexport CEO Ryan Petersen made it clear that while he was keen on buying Convoy because of the "incredible tech stack" it built, he wasn't buying its strategy. © 2023 TechCrunch. All rights reserved. For personal use only. from TechCrunch https://ift.tt/oB8wO3Q via IFTTT
Read more