Saudi Arabia increased oil production ahead of Israel’s expected attack on Iran, according to reports. The move is seen as an attempt to counterbalance any potential disruption in global oil markets.
The increase in output is part of a larger strategy by Saudi Arabia to reduce its reliance on US aid and maintain its economic dominance. This comes as the US has been tightening ties with Israel and Saudi Arabia is seeking to strengthen its relationship with other countries, particularly in Asia.
While details are still scarce, analysts point to increased military build-up and diplomatic efforts as key factors behind the move. The strategic location of Saudi Arabia makes it a critical player in regional geopolitics.
As tensions between Iran and Israel escalate, Saudi Arabia’s decision is seen as an effort to protect its interests and those of its allies. However, some argue that the move may not be sufficient to address the underlying issues driving the conflict.
Source: https://www.ft.com/content/eb36f6d0-40d2-4b9a-9f41-831af9eaa881