Web Desk
Saudi Arabia and the United States will get over their “unwarranted” spat over oil supplies, the kingdom’s investment minister told a business forum in Riyadh on Tuesday, highlighting long-standing corporate and institutional ties.
This month’s decision by the OPEC+ alliance led by Saudi Arabia to cut oil output targets unleashed a war of words between the White House and Riyadh ahead of the kingdom’s FII investment forum, which again drew top U.S. business executives.
The row raised tensions between the two traditional allies whose relationship had already been strained by the Biden administration’s stance on the 2018 murder of Saudi journalist Jamal Khashoggi and the Yemen war, as well as Riyadh’s growing ties with China and Russia.
“If you look at the relationship with the people side, the corporate side, the education system, you look at our institutions working together we are very close and we will get over this recent spat that I think was unwarranted,” Saudi Investment Minister Khalid al-Falih said.
