Biden vows consequences for Saudi Arabia after OPEC decision | The Business Standard
Skip to main content
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
The Business Standard

Thursday
July 24, 2025

Sign In
Subscribe
  • Latest
  • Economy
    • Banking
    • Stocks
    • Industry
    • Analysis
    • Bazaar
    • RMG
    • Corporates
    • Aviation
  • Videos
    • TBS Today
    • TBS Stories
    • TBS World
    • News of the day
    • TBS Programs
    • Podcast
    • Editor's Pick
  • World+Biz
  • Features
    • Panorama
    • The Big Picture
    • Pursuit
    • Habitat
    • Thoughts
    • Splash
    • Mode
    • Tech
    • Explorer
    • Brands
    • In Focus
    • Book Review
    • Earth
    • Food
    • Luxury
    • Wheels
  • Subscribe
    • Get the Paper
    • Epaper
    • GOVT. Ad
  • More
    • Sports
    • TBS Graduates
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • Gallery
    • Long Read
    • Interviews
    • Offbeat
    • Magazine
    • Climate Change
    • Health
    • Cartoons
  • বাংলা
THURSDAY, JULY 24, 2025
Biden vows consequences for Saudi Arabia after OPEC decision

USA

Reuters
12 October, 2022, 09:00 am
Last modified: 12 October, 2022, 09:44 am

Related News

  • US-Japan trade deal averts worst for global economy
  • Govt moves to buy 2.2 lakh tonnes of US wheat 
  • 'A trap': Asylum seekers arrested after attending US courts
  • Bangladesh holds inter-ministerial meeting on proposed US Trade Deal
  • Monno Ceramic partners with Lenox Corporation to export in US market

Biden vows consequences for Saudi Arabia after OPEC decision

Reuters
12 October, 2022, 09:00 am
Last modified: 12 October, 2022, 09:44 am
U.S. President Joe Biden delivers remarks and signs documents endorsing Finland's and Sweden's accession to NATO, in the East Room of the White House, in Washington, U.S., August 9, 2022. REUTERS/Evelyn Hockstein/File Photo
U.S. President Joe Biden delivers remarks and signs documents endorsing Finland's and Sweden's accession to NATO, in the East Room of the White House, in Washington, U.S., August 9, 2022. REUTERS/Evelyn Hockstein/File Photo

President Joe Biden pledged on Tuesday "there will be consequences" for US relations with Saudi Arabia after OPEC+ announced last week that it would cut oil production over US objections.

His announcement came a day after powerful Democratic Senator Bob Menendez, chairman of the Senate Foreign Relations Committee, said the United States must immediately freeze all cooperation with Saudi Arabia, including arms sales.

Biden, in an interview with CNN's Jake Tapper, would not discuss what options he was considering.

The Business Standard Google News Keep updated, follow The Business Standard's Google news channel

White House press secretary Karine Jean-Pierre said a policy review would be conducted but gave no timeline for action or information on who would lead the re-evaluation. The United States will be watching the situation closely "over the coming weeks and months," she said.

OPEC+ announced plans for an oil production cut last week after weeks of lobbying against one by US officials. The United States accused Saudi Arabia of kowtowing to Russia, which objects to a Western cap on the price of Russian oil spurred by the Ukraine invasion.

US officials had been quietly trying to persuade its biggest Arab partner to nix the idea of a production cut, but Saudi Arabia's de factor ruler, Crown Prince Mohammed bin Salman, was not swayed.

Bin Salman and Biden had clashed during Biden's visit to Jeddah in July over the death in 2018 of Washington Post journalist Jamal Khashoggi, according to a source familiar with the situation.

US intelligence says the crown prince approved an operation to capture or kill Khashoggi, a Saudi insider-turned-critic, who was murdered and dismembered by Saudi agents inside the kingdom's consulate in Istanbul.

The prince, son of King Salman, 86, has denied ordering the killing but acknowledged it took place "under my watch." Biden said in July he told the prince he thought he was responsible.

John Kirby, the White House national security spokesperson, said Biden would work with Congress "to think through what that relationship ought to look like going forward."

"And I think he's going to be willing to start to have those conversations right away. I don't think this is anything that's going to have to wait or should wait, quite frankly, for much longer," Kirby added.

State Department spokesperson Ned Price also said on Tuesday the Biden administration would not overlook Iran, a US adversary and a bitter regional rival of Saudi Arabia, in the review.

Much of US arms sales to Saudi Arabia have been made with Iran's threat in the region in mind.

"There are security challenges, some of which emanate from Iran. Certainly, we won't take our eye off the threat that Iran poses not only to the region, but in some ways beyond," Price said.

World+Biz

US / Biden / OPEC

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • File photo of Bangladesh Bank. Photo: TBS
    Governor Mansur orders withdrawal of BB dress code
  •  ABM Khairul Haque. File Photo: Collected
    Former chief justice Khairul Haque detained
  • Infographics: TBS
    Stay orders won’t shield defaulters: BB governor 

MOST VIEWED

  • Photo: Collected
    Bangladeshi man jailed for life in UK for murdering wife in front of their baby
  • Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
    Ctg port authority halts contractor recruitment for Kamalapur ICD operations for two months
  • Fire at Cosmo School in Mirpur on 23 July 2025. Photo: TBS
    Fire breaks out at Cosmo School in Mirpur following generator explosion
  • Representational image. File Photo: Rajib Dhar/TBS
    Debate arises as edu adviser says postponed HSC exams of 22 and 24 July will be held on same day
  • BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
    BB issues dress code for all, discourages short-sleeved or length dresses, leggings for female staff
  • Infographics: TBS
    Stay orders won’t shield defaulters: BB governor 

Related News

  • US-Japan trade deal averts worst for global economy
  • Govt moves to buy 2.2 lakh tonnes of US wheat 
  • 'A trap': Asylum seekers arrested after attending US courts
  • Bangladesh holds inter-ministerial meeting on proposed US Trade Deal
  • Monno Ceramic partners with Lenox Corporation to export in US market

Features

Photo: Collected

24 July: More than 1400 arrested, 3 missing coordinators found

12h | Panorama
Photo: Mehedi Hasan/TBS

Aggrieved nation left with questions as citizens rally to help at burn institute

1d | Panorama
Photo: Mehedi Hasan/TBS

Mourning turns into outrage as Milestone students seek truth and justice

1d | Panorama
Illustration: TBS

Uttara, Jatrabari, Savar and more: The killing fields that ran red with July martyrs’ blood

2d | Panorama

More Videos from TBS

Thai-Cambodian troops clash over disputed border

Thai-Cambodian troops clash over disputed border

11m | TBS World
Former chief justice Khairul Haque detained

Former chief justice Khairul Haque detained

1h | TBS Today
Why are there renewed tensions between Iran and Israel?

Why are there renewed tensions between Iran and Israel?

1h | Others
Coca-Cola is launching a 'Trump version' made with cane sugar

Coca-Cola is launching a 'Trump version' made with cane sugar

3h | Others
EMAIL US
contact@tbsnews.net
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Advertisement
  • Privacy Policy
  • Comment Policy
Copyright © 2025
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net