In a 2014 “oil war,” the US pressured Saudi Arabia to overproduce crude and intentionally crash prices on the global market, in order to hurt the export-reliant economies of Russia, Iran, and Venezuela.
Ben Norton
Multipolarista | November 18, 2022
The United States and Saudi Arabia waged a very important yet little-known “oil war” in 2014, which had huge geopolitical and economic consequences for the world.
Washington pressured Riyadh to significantly overproduce crude and intentionally crash prices on the global market, in order to hurt the export-reliant economies of Russia, Iran, and Venezuela.
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Journal of People 