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The Biden administration has dropped threats to retaliate against Saudi Arabia for an oil-production cut last year and is moving to step up security coordination to counter Iran in 2023, U.S. and Saudi officials said, three months after ties hit a historic low point.
Officials pointed to signs of improved U.S.-Saudi cooperation in recent weeks as falling U.S. gasoline prices, better-than-expected midterm election results for Democrats, and heightened concerns about Iran take the edge off a long-simmering spat that spilled into the open in October when the Saudis rebuffed White House requests to delay the production cut. The output decision fueled inflation fears just a month before the midterms, and President Biden vowed to work with Congress to impose unspecified “consequences” on Saudi Arabia.
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