Thursday, March 4, 2021

Tag: US Debt Got Us Hooked on Petrodollars — and on Saudi Arabia

US Debt Got Us Hooked on Petrodollars — and on Saudi Arabia

by Ryan McMaken, Activist Post:

The Iranian regime and the Saudi Arabian regime are longtime enemies, with both vying for control of the Persian Gulf region. Part of the conflict stems from religious differences — differences between Shia and Sunni muslim groups. But much of the conflict stems from mundane desires to establish regional dominance.

For more than forty years, however, Saudi Arabia has had one important ace in the hole in terms of its battle with Iran: the US’s continued support for the Saudi regime.