wn.com - 1 days ago

Saudi Arabia’s strategic calculus rests on five interlocking pillars: A firm finger on the global energy supply balance, custodianship of Islam’s holiest sites, sovereign capital deployment, multi-vector diplomacy, and enabling domestic reforms. Saudi Arabia’s foreign policy doctrine mirrors its energy policy: Maintain multiple outlets, reduce dependency on any single channel, and convert engagement into bargaining power. (AFP) Energy as strategic leverage: Saudi Arabia functions as the central bank of oil, as it holds the largest-deployable spare oil capacity in the world — around three million barrels per day, nearly 60% of the slack of OPEC+, the oil-producing nations’ alliance. By...

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