OPEC Surprise Cut Sours Saudi-U.S. Relations and Investors Pull Cash from Oil.

The surprise huge new cut in oil production from OPEC+ highlights that any optimism over a possible rapprochement between Saudi Arabia and the US is ill-founded. Instead, Saudi Arabia has now decisively shifted into the China-Russia sphere of influence. The landmark deal between Saudi Arabia and Iran was brokered by China, without any involvement at all from the US, and every country in the world and in the Middle East knew it. The China-Russia axis is winning the superpower battle for the Middle East and not the US and its allies.