Saudi Arabia appears to be banking on Donald Trump’s return to office by refusing to help the US punish Russia for the Ukraine invasion, and by placing $2bn in a new, untested investment fund run by Trump’s son-in-law Jared Kushner.
In seeking to persuade Riyadh to increase oil production so as to lower prices by as much as 30%, and thereby curb Russian government revenue, the Biden administration is looking for ways to reassure the Saudi government that it is dedicated to the kingdom’s security.
