On Friday geopolitical plates of tectonic scale may have visibly shifted as Iran and Saudi Arabia, two of the most important countries in the Middle East and erstwhile bitter adversaries, announced that they had reestablished diplomatic relations after a lengthy round of negotiations held with top Chinese officials in Beijing.
Back in 1945, President Franklin Roosevelt famously met on an American cruiser with Ibn Saud, and our important alliance with oil-rich Saudi Arabia came into being.
Though sometimes stressed during the 1973 Oil Embargo and in the aftermath of the 9/11 Attacks, the relationship remained our most important in the Arab World, being responsible for the rise of the Petrodollar and the maintenance of our own greenback as the world's reserve currency. . . .
Back in 1945, President Franklin Roosevelt famously met on an American cruiser with Ibn Saud, and our important alliance with oil-rich Saudi Arabia came into being.
