00:00I mean, clearly, Riyadh views the United States as a primary strategic partner.
00:07And I'm just wondering whether that level of trust is reciprocated.
00:12I mean, assuming it is, because look at some of those deals that relate to very sensitive things,
00:16whether it's nuclear power, whether it's AI chips, or whether it's extremely sophisticated military hardware.
00:24Yeah. Yeah. You know, the F-35s, you know, you mentioned military hardware.
00:29There's a lot of security relationship there.
00:32And I think it's important for the U.S. to have another ally in the region, another strong ally, much like the UAE and Israel.
00:41But also to have, you know, the investment into the U.S., that's really critical.
00:45And, of course, there's always been a dependency or even codependency on the energy that comes from Saudi.
00:53And, you know, even though the U.S. is now the world's largest energy producer, it's still really important to have the Saudis on our team there and, you know, keeping production up and keeping prices down.
01:06And you saw that, again, when Biden, you know, was very hostile to MBS and very hostile to the energy sector in the U.S.
01:15And when prices really increased dramatically, he went begging to Riyadh and begged MBS to pump more oil.
01:22Of course, he declined.
01:24So I think we've seen how the relationship can be a really important economic factor with oil prices.
Be the first to comment