Biden Vows 'Consequences' For Saudis After OPEC+ Cuts Oil Output

The decision by OPEC+ to cut production by 2 million barrels a day has been seen by some as a way to help Russia keep paying for its war in Ukraine.

President Joe Biden said Tuesday there will be "consequences” for Saudi Arabia as the Riyadh-led OPEC+ alliance moves to cut oil production and Democratic lawmakers call for a freeze on cooperation with the Saudis.

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President Biden suggested he would soon take action, as aides announced that the administration is reevaluating its relationship with the kingdom in light of the oil production cut that White House officials say will help another OPEC+ member, Russia, pad its coffers as it continues its nearly eight-month war in Ukraine.