STOCK MARKET SNAPSHOT FOR 18/6/2022
in Stock Market Snapshot 18/06/2022
ith Saudi Arabia’s de facto leader Mohammed bin Salman during a trip next month and that he was only seeing the Saudi crown prince as part of a broader “international meeting.”
Biden’s plan for talks with the crown prince, known as MBS, were part of his first trip to the Gulf region as president and seen by rights advocates as at odds with his promise to put human rights at the heart of U.S. foreign policy.
“I’m not going to meet with MBS. I’m going to an international meeting, and he’s going to be part of it,” Biden told reporters on Friday when asked how during his Saudi Arabia trip he will handle the topic of the 2018 murder of Saudi journalist Jamal Khashoggi, a U.S. resident and critic of the crown prince.
As a presidential candidate, Biden said he wanted to make Saudi Arabia a “pariah”. However, his struggle to reduce record high gasoline prices this year has complicated the situation as the U.S. urges oil producing nations to boost production to offset Russian losses following Western sanctions on Moscow over its invasion of Ukraine.
Weeks after taking office, Biden shifted U.S. policy on Saudi Arabia, adopting a tougher stance over the kingdom’s human rights record and in particular the killing of Washington Post journalist Khashoggi in Turkey in 2018. U.S. intelligence implicated the crown prince in the murder. The Saudi government has denied any involvement by him.
The White House has said, as recently as this month, that Biden’s view has not changed.
Washington’s desire to improve ties with Gulf monarchies has become more urgent following Russia’s invasion of Ukraine as Europe looks to cut its energy dependence on Russia.
The United States is urging Gulf states to publicly condemn Moscow, Western diplomats have previously told Reuters. Gulf states have tried to maintain what they say is a neutral position.
Source: Reuters (Reporting by Andrea Shalal and Kanishka Singh in Washington; editing by Grant McCool)