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U.S. and Saudi Arabia Rebuild a Strategic Alliance
Saudi Arabia made investment commitments of as much as $1 trillion during the visit of Crown Prince Mohammed bin Salman in the United States. The sum is a substantial increase on an original pledge of $600 billion, but it is also a sign that the relationship between two of the world’s largest oil producers is back on track. The relationship, dating back to the early 20th century, was rather damaged during the Biden administration, in part due to its focus on the energy transition, which put it at odds with Saudi Arabia as an economy heavily…