Washington Post: US ‘lost’ Middle East
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Washington Post: The era of US hegemony in the Middle East is over
Riyadh’s decision to cut oil production was a sign that the United States no longer plays a key role in the Persian Gulf and the oil market, writes The Washington Post (WP).
“For better or worse, the era of American hegemony in the Middle East is over,” commented columnist David Ignatius.
In particular, after the reduction in production, the price of “black gold” rose by more than 6% – up to $85 per barrel. According to the author of the publication, for the administration of US President Joe Biden, which is trying to contain inflation and avoid a recession, this was a crushing blow.
The material says that neither country wants to break off relations, but the leaders of Saudi Arabia and the United States feel that they are underestimated.
At the same time, if prices on the energy market rise above $100 per barrel, it is not clear whether Washington can do something about it, Ignatius notes.
“Biden is not a president to whom the Saudi leader will make any concessions,” he concluded.
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