OPEC+ announced last week that it will cut oil production by 2 million barrels per day starting in November, driving up prices globally. The U.S. responded by framing the cuts to oil production as a nakedly self-serving move that will benefit Russia, singling out Saudi Arabia as the ringleader of that collective effort.
Saudi King Salman issued a royal order last week to make his son, Crown Prince Mohammed bin Salman, prime minister. While the position is symbolic, it consolidates the crown prince’s de facto control of Saudi Arabia and guarantees him sovereign immunity, staving off legal action against him in a U.S. courtroom.
During his speech to the U.N. General Assembly, President Joe Biden declared that the U.S. is open to U.N. Security Council reform. Though major reforms are unlikely, Washington still needs to demonstrate that it is at least serious about the effort. That could mean looking for fairly quick wins to show it means business.
