Inside Story Of How Trump Got MbS To ‘Bend The Knee’: Cut Oil Supply Or Lose US Protection, by Tyler Durden

How behind-the-scenes global power politics works. From Tyler Durden at zerohedge.com:

The full story of President Trump’s intervening in the Russia-Saudi price war which sent oil prices plunging to historic lows has been revealed in a new explosive report. Trump’s pressure resulted in the surprise April 12 unprecedented OPEC+ production cut by 9.7 million barrels per day (bpd), which saw the Saudis and Russians begrudgingly agree to cut 2.5 bpd each.

Ourselves and others strongly suggested at the time that no doubt there were strong quid pro quo type ultimatums being delivered behind the scenes — consistent with Trump’s prior eyebrow raising boasts about Riyadh ponying up $1 billion in ‘protection money’ in return for defense against Iran — but new Reuters confirmation is out Thursday morning, and the details are more delicious than could have been expected, complete with the report actually describing of Saudi leaders that they genuinely panicked and fast began “bending the knee” when confronted by Trump’s slash output or else threat.

It began with an April 2nd phone call, Reuters details, wherein Trump pressed Saudi Crown Prince Mohammed bin Salman with the following ultimatum: OPEC must immediately begin cutting production or see all American troops withdrawn from the kingdom.

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One response to “Inside Story Of How Trump Got MbS To ‘Bend The Knee’: Cut Oil Supply Or Lose US Protection, by Tyler Durden

  1. On Fri, May 1, 2020 at 10:29 PM STRAIGHT LINE LOGIC wrote:

    > Robert Gore posted: “How behind-the-scenes global power politics works. > From Tyler Durden at zerohedge.com: The full story of President Trump’s > intervening in the Russia-Saudi price war which sent oil prices plunging to > historic lows has been revealed in a new explosive re” >

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