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
I just held a great call between Prime Minister Benjamin Netanyahu, of "Israel," and President Kassym-Jomart Tokayev, of Kazakhstan
Donald Trump: "Kazakhstan is the first Country of my Second Term to join the Abraham Accords, the first of many."
Al Mayadeen correspondent: The Lebanese army refuses to evacuate the Martyr Mohammed Farhat barracks, located 200 meters from the threatened building in Kfardounine.
The Israeli occupation forces issued a new bombing threat to the town of Zawtar al-Sharqiya in southern Lebanon.
Al Mayadeen English: Israeli warplanes launch two airstrikes on the town of Tyre, Aita al-Jabal, in southern Lebanon.
Lebanese Ministry of Health: One martyred, 8 wounded in the Israeli airstrike that targeted Toura, south Lebanon, earlier in the day.
Israeli media citing high military official: No plans to escalate, no special instructions to "residents in the North."
Israeli media: Israeli Security Minister Israel Katz designates border region with Egypt "closed military zone."
Al Mayadeen's correspondent in South Lebanon: Injuries reported after an Israeli aircraft struck a lumber mill between the towns of Toura and al-Abbasiya
Al Mayadeen's correspondent in South Lebanon: Israeli aircraft launch strike on outskirts of Toura, Tyre district.

US may be looking to punish OPEC

  • By Al Mayadeen English
  • Source: Oilprice.com
  • 18 May 2023 16:19
  • 2 Shares
5 Min Read

The US House of Representatives may be considering using legislation to pressure OPEC to end production cuts.

  • x
  • US may be looking to punish OPEC
    US President Joe Biden and Saudi Crown Prince Mohammed bin Salman attend an Arab summit, in Jeddah, Saudi Arabia, July 16, 202. (Reuters)

According to James Durso of Oil Price, in early May, the United States House of Representatives Judiciary Committee was reportedly considering a bill to put pressure on the OPEC oil producers' group to stop cutting output by revoking the sovereign immunity that had protected OPEC+ members and their national oil companies from price collusion lawsuits. (The measure was previously approved by the committee in 2018, 2019, and 2021.)

The OPEC Basket Price has been hovering around the mid-$70s, which is not historically high, though American politicians want to talk down gasoline prices before the summer driving season begins. (Saudi Arabia needs a price of $80.90 USD to balance its budget and finance economic diversification.)

Although gasoline prices are greater than they were under Trump. Gallup polling reported in April 2023 that “Americans show significantly less concern about the U.S. energy situation now than they did a year ago.”

If Americans are not outraged about gas prices, that could mean the US is reacting to a rapprochement between Iran and Saudi Arabia (mediated by China); Egypt and Iran beginning to normalize relations (mediated by Iraq); Syria rejoining the Arab League; the UAE and Iran in talks to strengthen ties; and the possibility of energy cooperation between Iraq and Iran.

In addition to a punishment for Arab OPEC members, the bill may be a message to others, for repairing relations with Iran and Syria under the guise of safeguarding American consumers. It also avoids a mention of the Biden administration's strategy of limiting oil and gas output, despite the fact that the government has recently permitted limited drilling on federal lands.

Related News

UNSC lifts sanctions off Syrian interim leader, FM, despite massacres

Syria refutes Reuters report on US bases, stresses shift in approach

A bipartisan group of US congressmen has launched the "Assad Regime Anti-Normalization Act of 2023," which would challenge international governments' outreach to Syria and allow for extra penalties against anybody doing business with the Assad regime. 

Durso believes this means that "Israel" and the US would be the losers in the deal. Israelis since they are unlikely to be able to rely on Arab support for an attack on Iran's nuclear research facilities, and the United States, which is losing influence as OPEC members in the Middle East begin to normalize relations with the governments in Tehran and Damascus, and OPEC welcomes China's mediation of talks between Tehran and Riyadh, as well as Russia's facilitation of talks between Saudi Arabia and Syria, and Syria and Turkey. (The worst-case scenario for "Tel Aviv" and Washington is Chinese engagement in Israeli-Palestinian talks.)

Normalization of ties between Arab OPEC states, Iran, and Syria would reduce tensions in the region, which is not in Washington's interests because large clients like the Saudis and Emiratis would reduce purchases of anti-Iran weaponry. Tensions also keep the US active in the vicinity in order to "ensure stability," despite the fact that US activities in Iraq and Libya (and its supporting role in Yemen) ensured the reverse. And the region's tension makes it simple for "Israel's" 'Shabbos goy' in the US to scupper any efforts to persuade "Israel" and the Palestinians to start peace negotiations "or else," especially if the Palestinians welcome the Chinese into the process. 

According to the 2022 Arab Youth Survey, The 2022 Arab Youth Survey also found, “Nearly three-fourths (73%) want to see the US disengage from the region. China, Turkey, and Russia are now seen as the region’s strongest allies” and “the default position of looking to the West in times of crisis is being eroded by new allegiances to China, Russia, and Turkey.” 

This view may lead to other Arab powers, such as Saudi Arabia, declining to join American schemes like the normalization Accords, which "Israel" still thinks will be a detour around peace talks with the Palestinians, and instead favoring local measures to stabilize the area.

Thus, Washington's attack on the Middle East's economic engine, petroleum, and the use of sanctions to thwart efforts to reduce conflict and estrangement between OPEC Arabs, Iran, and Syria. Peace is critical because it would cut weapon sales, promote regional economic diversity and integration, and diminish the need for Washington's "solutions," as well as introduce new economic and political actors to the area, like China and Turkey. 

Washington has a lot of power and can push events in the near term, but it has already lost the hearts and minds of Middle Eastern young who have grown up with the US constantly involved in war operations in their country since 2001 - all for nothing.

  • Syria
  • OPEC
  • Iraq
  • Oil Production
  • House of Representatives
  • Iran
  • OPEC+
  • United States

Most Read

People walk past a domestically-built missile "Khaibar-buster," and banners showing portraits of Iranian Leader Ayatollah Ali Khamenei, center, and the late armed forces commanders at Baharestan Square in Tehran, Thursday, September 25, 2025

IRGC reveals new details on Haniyeh assassination and Iran’s response

  • Politics
  • 3 Nov 2025
Jimmy Wales speaking in Montreal, April 11, 2016. (AP / PA Images)

Wikipedia founder comments on Gaza genocide article sparks backlash

  • Politics
  • 3 Nov 2025
The US and Puerto Rican flags. (AFP)

US imposes flight restrictions off Puerto Rico under Pentagon orders

  • Politics
  • 31 Oct 2025
Mamdani defeats billionaire-funded campaign, triggers DEM divide

Mamdani defeats billionaire-funded campaign, triggers DEM divide

  • US & Canada
  • 5 Nov 2025

Coverage

All
War on Gaza

Read Next

All
A U.S. C-130 Hercules transport aircraft is on display at the Paris Air Show, Wednesday, June 18, 2025 in Le Bourget, north of Paris. (AP Photo/Thibault Camus)
Politics

US moves toward securing military foothold at Damascus airbase

Alain Minc slams Macron’s legacy, warns of far-right surge
Politics

Macron's mentor calls him 'worst' president, warns of far-right surge

The new British Army Ajax armoured fighting vehicle on dispaly at the DSEI exhibition of military equipment in London, on September 9, 2025. (AP Photo/Alastair Grant)
Politics

UK delivers first Ajax armored vehicles after eight-year delay

Impact of the UPS MD-11 cargo plane crash after it took off from Louisville Muhammad Ali International Airport
US & Canada

Kentucky UPS cargo plane crash death toll rises to 12, 15 injuries

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