The marriage between Saudi Arabia and the United States is on the rocks, to say the very least. The Petrodollar arrangement is an integral part of keeping the US Dollar relevant internationally as it set the rules for conducting oil trade in only America’s currency, but those days may be coming to an end sooner than most people anticipated.
As the Saudis look to diversify away from only being known as the world’s gas station, they are using their sovereign wealth fund, the Public Investment Fund, to finance Vision 2030 which seeks to transform the Kingdom into the heart of the Arab and Islamic world and a global investment powerhouse.
Will the Saudis be able to untangle themselves from their half-century relationship with the Americans in order to jump into bed with the Chinese, or will Mohammed bin Salman pivot to his vision for 2030 where the United States has a diminished role?
