"Saudi Arabia has thrown its full weight behind Persian Gulf oil production, preventing a sharp hike in oil prices. "
Avidly backed by the White House, Saudi King Abdullah is becoming the Arab world's leading mediator and he is taking the role away from Egyptian President Hosni Mubarak.
Saudi Arabia has thrown its full weight behind Persian Gulf oil production, preventing a sharp hike in oil prices. Cooperation between the US and Riyadh should be noted here: Soaring oil prices would have been detrimental to the American economy, which is still essentially dependent on oil and its byproducts.
It was Saudi Arabia that led and accompanied the withdrawal of the Syrian army from Lebanon. It's difficult to imagine the level of rage in the royal court when Syrian intelligence assassinated the Saudis' protégé Rafik Hariri, the former Lebanese prime minister. Now the Saudis are trying to tempt - so far unsuccessfully - Bashar Assad and his associates to agree to appear in the international court investigating the circumstances of Hariri's death. If Assad agrees it would bring the regime in Damascus to an end, and no one in the Arab world would shed a tear. If Assad refuses, the Saudis will make every effort with Washington's full support to choke the Syrian economy.
Saudi Arabia was the host of the Mecca summit between Fatah and Hamas. For the first time in history, it also allowed photographers to document the signing of the agreement. The photographers were in fact invited to document the Saudi mediation effort. Experts maintain that that this agreement will cost the Saudis more than a billion dollars.
Fear of the Iranian octopus is what is driving Saudi Arabia today, and it is also what led to the significant closeness between the Saudis and the US. Because of the Iranian threat, the Americans are even willing to forget that Saudi terror cells carried out the atrocities of 9/11.
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