• From selling a Saudi billionaire his 282-foot yacht to sword-dancing on his first international trip as president, Trump's ties with Saudi Arabia run deep

    30 days ago - By Business Insider

    President Donald Trump has had deep business ties to the Saudi Arabian court for more than two decades.
    And those ties are now being called into question over his lack of a tough response to Riyadh since journalist Jamal Khashoggi disappeared and was possibly killed at the Saudi consulate in Istanbul.
    "Having a President with global business ties means we've got ongoing worries that policy is going to be affected by his business interests," Robert Weissman, president of Public Citizen, which tracks potential conflicts of interest in the Trump administraition, recently told CNN .
    "We know...
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  • Saudi Arabia using the 'oil weapon option' could cause prices to soar to $150

    Saudi Arabia using the 'oil weapon option' could cause prices to soar to $150

    30 days ago - By Business Insider

    There is increasing evidence Saudi Arabia was behind the disappearance of Jamal Khashoggi, a US resident who has been a critic of the crown prince.
    After the US threatened sanctions against Saudi Arabia, the oil-rich country seemed to hint at its ability to hit back through the energy market.
    Analysts see a 1973-style embargo as unlikely, but warn oil prices could hit triple-digits if tensions escalate.
    Saudi Arabia has pushed back against the overwhelming evidence that it was behind the disappearance of the Washington Post journalist Jamal Khashoggi, emphasizing its "vital role in the...
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  • Trump says he has 'no financial interests in Saudi Arabia.' But his businesses have made millions from the Saudi government, and the crown prince gave his New York City hotel a huge boost

    Trump says he has 'no financial interests in Saudi Arabia.' But his businesses have made millions from the Saudi government, and the crown prince gave his New York City hotel a huge boost

    30 days ago - By Business Insider

    President Donald Trump tweeted that he has "no financial interests in Saudi Arabia" after criticism for his response to the disappearance of journalist Jamal Khashoggi.
    The Trump Organization does not have any buildings in Saudi Arabia, his businesses have accepted large amounts of money from the Saudi government.
    For instance, Trump's hotel in New York City saw a huge financial boost from the visit of Saudi crown Prince Mohammad bin Salman in early 2018.
    Additionally, Trump has had ties to Saudi investors for over two decades.
    President Donald Trump on Tuesday dismissed the charge that...
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