If the US takes control of Venezuela’s oil prod, the OPEC and therefore Saudi control over the oil price diminishes. Therefore Saudi revenues are likely to fall. While I don’t expect Saudi to do anything, there would be logic in them doing so. Perhaps MBS could use the backchannel to tell Trump not to invade.
If the US takes control of Venezuela’s oil prod, the OPEC and therefore Saudi control over the oil price diminishes. Therefore Saudi revenues are likely to fall. While I don’t expect Saudi to do anything, there would be logic in them doing so. Perhaps MBS could use the backchannel to tell Trump not to invade.