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Date: 2024-08-16 Page is: DBtxt001.php txt00022602 |
MEDIA HEADLINES
BLOOMBERG MEDIA Bloomberg Media ... Bloomberg Politics Original article: Peter Burgess COMMENTARY Peter Burgess | ||
Bloomberg Media
Bloomberg Politics June 21st 2022 6:22 AM A New Middle East geography Key reading:
With Russia’s invasion of Ukraine driving global crude prices higher, the US President is seeking to repair ties with Saudi Arabia after shunning the world’s largest oil producer over its human rights record. Top US ally Israel meanwhile sees the Biden trip as a way to forge regional bonds — including with Riyadh. US rapprochement with Crown Prince Mohammed Bin Salman, whose nation Biden once vowed to make a “pariah” over the 2018 murder of Saudi critic Jamal Khashoggi, may lead to more Saudi oil on the global market after months of US lobbying, and allow Biden to cast his visit as a political success. Lower prices for oil (though that is not a given even if the Saudis do increase output) would undercut a key source of income for Russia’s war and help reduce the pain for Americans at the gas pump in the run up to the November midterm elections, with Biden’s Democrats on the back foot domestically already with voters. ![]() The crown prince is also making moves. He embarked on a regional tour today starting in Cairo. Later this week he'll make his first stop in Turkey since Khashoggi’s murder at the Saudi consulate in Istanbul. He'll visit President Recep Tayyip Erdogan, who’s seeking to prop up a deteriorating economy hit by inflation of more than 70%. Israel is keen to expand its diplomatic relations in the Gulf to include Saudi Arabia, a rival to its nemesis Iran. While there are still big hurdles to normalization, both sides have worked to build links after years of US disengagement. There is a fresh wrinkle: Israel’s fragile coalition government collapsed yesterday, meaning Biden is now set to meet a caretaker administration that may not be able to drive progress, especially on the question of peace with the Palestinians, which Riyadh sees as essential for warmer ties. Biden may make greater progress with the Saudis. But in any case, it’s clear that relationships in the Middle East are shifting. — Sylvia Westall ![]() Prince Mohammed and Erdogan met in Jeddah, Saudi Arabia in 2017. Photographer: Kayhan Ozer/Anadolu Agency/Getty Images Global Headlines
![]() Residents in Shenzhen at a Covid-19 testing site on June 6. Source: Anadolu Agency/Getty Images Explainers you can use
Environmental activist Francia Marquez is likely to play a prominent role in climate policies as Colombia’s first Black vice president. She became an activist at 13 when construction of a dam threatened her small community. She left school to raise her son, working in small-scale gold mining and as a housekeeper. She went on to earn a law degree and was awarded an environmental prize dubbed the Green Nobel in 2018 for her fight against illegal mining. ![]() You received this message because you are subscribed to Bloomberg's Balance of Power newsletter. Bloomberg L.P. 731 Lexington, New York, NY, 10022
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