Published: Thu, October 04, 2018
Global News | By Blake Casey

I told Saudi king he wouldn't last without U.S. support: Donald Trump

I told Saudi king he wouldn't last without U.S. support: Donald Trump

Trump told a campaign rally in the US state of MS on Tuesday night. He returned to the theme Tuesday night in Southaven, Mississippi, mentioning both Japan and South Korea.

In this photo provided by the Saudi Press Agency, King Salman attends a swearing in ceremony in Riyadh, Saudi Arabia, on November 6, 2017.

Are Saudi Arabia and Russian Federation helping Trump out by agreeing to increase oil production? At a rally in MS on Tuesday, he said the Middle Eastern country wouldn't last two weeks without USA military protection.

"We protect Saudi Arabia - would you say they're rich?" At the end of September, Trump reportedly called the Saudi King, and although the nature of that conversation was not disclosed, most oil watchers believed that the call was an attempt to pressure the Saudis into increasing oil supply.

Oil prices have risen in recent weeks ahead of U.S. sanctions on Iran - set to be imposed early next month.

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Saudi Arabia has always been a major buyer of US weaponry, spending billions of dollars on advanced systems, a point Trump was keen to make when Saudi Crown Prince Mohammed Bin Salman visited the White House in March. His administration, particularly his son-in-law Jared Kushner, has sought a close relationship with King Salman's son Mohammed bin Salman, the country's crown price and next in line to the throne.

The country's record high oil output remains the 10.72m barrels per day it produced in November 2016.

The price of USA crude oil has increased sharply ahead of U.S. sanctions on Iran and on concerns about Venezuelan output but further strong gains in the immediate future seem unlikely. US crude CLc1 settled $1.18, or 1.6 percent, higher at $76.41 a barrel, after touching a session high of $76.90. The average price for a gallon of regular gasoline in the U.S.is $2.88, up from $2.55 a year ago, according to AAA.

"OPEC and OPEC nations are, as usual, ripping off the rest of the world, and I don't like it".

"They'll pay us. The problem is nobody ever asks". "We defend many of these nations for nothing, and then they take advantage of us by giving us high oil prices. Not good. We want them to stop raising prices, we want them to start lowering prices", Trump said.

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