Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
UNCTAD: The situation in the Palestinian territories is unfolding within a context of overall economic and institutional fragility and is leading to serious social and environmental consequences
UNCTAD: Two years of military operations and restrictions have caused an unprecedented collapse of the Palestinian economy
UNCTAD: Situation in Gaza unique, represents the most severe economic crisis ever recorded
TASS reports 3 people were injured in a drone attack in the Rostov region, after a fire broke out at a facility in the industrial zone
Ukraine's Ministry of energy reports massive attack on energy facilities in the country
Taiwan's Ministry of Defense: One Chinese balloon was spotted in the Taiwan Strait on Monday
Israeli media reports injuries in ramming operation in al-Naqab.
Sheikh Daamoush: Zionists must remain worried, as they have committed a grave error.
Sheikh Daamoush: All concessions given by Lebanese government to date bore no fruit.
Sheikh Daamoush: It is the duty of the state to protect its citizens and sovereignty, government must push plans to that effect and refuse external pressures, diktats.

US confident Arab countries will not weaponize oil for Gaza: Hochstein

  • By Al Mayadeen English
  • Source: Financial Times
  • 20 Nov 2023 04:32
2 Min Read

Senior White House energy advisor Amos Hochstein says the level of cooperation between American and Gulf oil producers has been "very strong" over the past couple of years.

  • x
  • Hochstein
    Amos Hochstein, a senior advisor to US President Joe Biden, arrives for his meeting with Lebanese caretaker Prime Minister Najib Mikati in Beirut, Lebanon, Tuesday, Nov. 7, 2023. (AP Photo/Hassan Ammar)

Senior White House energy advisor Amos Hochstein expressed confidence that Arab oil-producing countries will not use oil as a weapon to stop the ongoing Israeli aggression on Gaza, despite growing anger across the Middle East due to the Israeli blockade and aggression on the Strip.

In an interview with the Financial Times, Hochstein affirmed that the level of cooperation between American and Gulf oil producers, including Riyadh, has been "very strong" over the past couple of years.

Hochstein expressed the United States' ongoing concern about the use of oil as a weapon, saying, "Ever since oil became a traded commodity it has been weaponized from time to time, so we’ve always been concerned about it, worked against it, but I think this has not happened till now."

The US official pointed to "two active wars in the world": one involving the third-largest oil producer, Russia, and the other in the Middle East, where missiles are flying near oil production facilities.

"Yet prices are near the lowest point of the year," he noted, adding that this proves the US is "managing it quite well, but we can never relax and this is an evolving situation."

The Financial Times cited "people familiar with the thinking of Saudi Arabia, the world’s top oil exporter," as saying that the decline in oil prices to its lowest level in four months at $77 per barrel last week and the increasing anger over the Israeli aggression on Gaza could contribute to a decision to make further oil production cuts.

It is noteworthy that a couple of days ago, Saudi Minister of Investment Khalid al-Falih mentioned that Riyadh using economic tools, such as oil prices, to achieve a ceasefire in Gaza is off the table today, as reported by Bloomberg.

Earlier, Iranian leader Sayyed Ali Khamenei on Sunday underlined that Islamic governments must prevent energy and goods from reaching the Israeli occupation.

  • United States
  • Gaza Strip
  • Palestine
  • Israeli aggression
  • Israel
  • US
  • Amos Hochstein
  • Israeli occupation
  • Oil Production
  • Gaza

Most Read

Inside the Epstein-Rothschild web behind 'Israel’s' spy tech empire

Inside the Epstein-Rothschild web behind 'Israel’s' spy tech empire

  • Politics
  • 19 Nov 2025
Hezbollah announces the martyrdom of Haitham al-Tabatabai

Hezbollah announces the martyrdom of commander Haitham Tabatabai

  • West Asia
  • 23 Nov 2025
Democracy at the civilizational crossroads: Critical analysis of bourgeois Democracy, its alternatives

Democracy at the civilizational crossroads: Critical analysis of bourgeois Democracy, its alternatives

  • Analysis
  • 19 Nov 2025
US readies covert, military measures to oust Maduro: NYT

US signs off on covert CIA operations inside Venezuela: NYT

  • Politics
  • 19 Nov 2025

Coverage

All
In Five

Read Next

All
Maduro highlights workers' rise, global support for Venezuela
Politics

Maduro announces receiving info about new plot against Venezuela

Humanitarian crisis deepens in Gaza under relentless Israeli attacks
Politics

Humanitarian crisis deepens in Gaza under relentless Israeli attacks

Last-ditch COP30 deal puts fossil fuels in the crosshairs
Environment

Last-ditch COP30 deal puts fossil fuels in the crosshairs, for now

Trump admin fumes after court tosses cases against Comey, James
Politics

Trump admin. fumes after court tosses cases against Comey, James

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS