For decades, the United States and Saudi Arabia maintained an important strategic alliance, which gave the US access to Saudi oil in exchange for guaranteeing the kingdom’s security. But growing tensions between the two nations now threaten to rupture this relationship.

Bloomberg’s Ziad Daoud, Tom Orlik, and Nick Wadhams join this episode to explain what’s behind the US-Saudi rift, and why it could have far-reaching consequences for the US economy and potentially the 2024 presidential election.

Read the story: US-Saudi Oil Pact Breaking Down as Russia Grabs Upper Hand

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Have questions or comments for Wes and the team? Reach us at bigtake@bloomberg.net.

For decades, the United States and Saudi Arabia maintained an important strategic alliance, which gave the US access to Saudi oil in exchange for guaranteeing the kingdom’s security. But growing tensions between the two nations now threaten to rupture this relationship. Bloomberg’s<a href="https://www.bloomberg.com/authors/ATZXAs5qQ_I/ziad-daoud?sref=eN0VlxpF"> Ziad Daoud</a>,<a href="https://www.bloomberg.com/authors/APScahppEq4/tom-orlik"> Tom Orlik</a>, and<a href="https://www.bloomberg.com/authors/AQdGGM5CjA8/nick-wadhams?sref=eN0VlxpF"> Nick Wadhams</a> join this episode to explain what’s behind the US-Saudi rift, and why it could have far-reaching consequences for the US economy and potentially the 2024 presidential election.
Read the story: <a href="https://www.bloomberg.com/news/features/2023-04-12/recession-odds-inflation-fears-jump-as-us-saudi-oil-pact-breaks-down">US-Saudi Oil Pact Breaking Down as Russia Grabs Upper Hand</a>
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a> 
Have questions or comments for Wes and the team? Reach us at <a href="mailto:bigtake@bloomberg.net">bigtake@bloomberg.net</a>.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

The US-Saudi Relationship Is In Danger of Falling Apart

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/fd861a5f-c4ed-4efb-b722-afe90166a9ce/transcript

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