BLUF: Saudi Arabia is threatening to fundamentally alter its relationship with the US and impose significant economic costs on Washington if it retaliates against the kingdom’s oil cuts, according to a leaked US intelligence document analysed by The Washington Post. The document cited Crown Prince Mohammed bin Salman making the threat, but the Biden administration downplayed the intel document and started collaborating with Saudi Arabia to advance mutual interests. Riyadh’s consensus with Russia on OPEC+ is also seen as the secret behind it. Saudi Arabia is gravitating toward the BRICS, which holds potential to create a new global oil market and undermine petrodollar.
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