Report: Saudis vow to sell US assets if Congress decides gov was involved in 9/11

The revelations about the Saudis’ ultimatum come several days after reports that President Obama will soon decide whether to declassify 28 pages of sealed documents suspected of showing a Saudi connection to the deadly 9/11 terror attacks.

DYI Comments:  Once the American public finds out how deeply the Saudi's were involved American's will demand retribution.  No doubt the Saudi's will sell off their Treasury bonds along with other holdings to keep from having their assets placed into forfeiture.  Another big blow to relations between the U.S. and Saudi Arabia when Obama threw Hosni Mubarak of Egypt to the wolves during the Arab spring.  As relationship with Saudi's arch enemy Iran begins to improve the Saudi's will distant themselves from the U.S. and begin to align with China.  The possibility of world war is gathering speed with the U.S., India, Russia, and Iran as the Allies and Axis powers with China, Pakistan, Saudi Arabia, and the remaining Sunni Muslim countries.

Here’s why Doha failed to deliver an oil deal

On the geopolitical front, the Saudis are becoming more independent. The Iran nuclear deal was the latest blow to their esteem. They fear a detente between Washington and Iran, while still a long way off, will diminish their clout in the region. 

Iran, meanwhile, had always made it crystal clear it had no intention of entertaining a role in an output freeze. With the lifting of sanctions, Iran is eager to sell every additional barrel it can produce and has no incentive, even with oil prices at recent lows, not to stop producing until it hits its goal of producing at its pre-sanctions level of 4 million barrels a day.

It’s taken longer than Riyadh undoubtedly expected, but the Saudis are finally getting what they wanted in terms of routing out higher-cost oil producers. There was simply no incentive on Sunday for the Saudis to give up now, but it was an opportunity to show other OPEC members it would entertain the idea while ultimately putting the blame for failure on Iran.

DYI