Biden administration officials consider preventing American businesses from deepening their relationships with Saudi Arabia.

In Washington As part of a U.S. response to a recent Saudi-led effort by oil-producing countries to cut global production, Biden administration officials are considering trying to dissuade American businesses from establishing business ties with Saudi Arabia, according to three current and former U.S. officials familiar with the discussions.

A senior administration official claimed that the decision was made before the OPEC alliance announced on October 5 that it would reduce oil production by 2 million barrels per day. The administration will also not send any U.S. representatives to Saudi Arabia’s annual Future Investment Initiative conference in Riyadh the following week, according to officials. The high-profile conference, sometimes referred to as “Davos in the desert,” has been a prized occasion for Saudi Arabia’s de facto leader, Crown Prince Mohammed bin Salman, according to the official, who claimed that the administration was unable to make scheduling arrangements to send a U.S. government official there.

As President Joe Biden says he is re-evaluating his administration’s relationship with the kingdom and exploring how to react against Riyadh over the oil output decision, experts are looking into ways to use American firms as leverage against Saudi Arabia. A decision on whether to move through with such an endeavor has not been taken, according to current and former U.S. officials. They claimed that it is only one of the possibilities that Biden is weighing in order to strike a balance between acting and not damaging certain important American goals in the region, namely unifying Israel and its Arab neighbors against Iran.

Reducing American economic investment in Saudi Arabia is being considered because it might have an impact on the country without directly hurting American security in the region, but there is also a chance that American companies won’t pay attention.

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