The Saudi cabinet approved the decision to join the SCO on March 29, 2023, at a time when Riyadh is building a long-term partnership with China despite American security concerns.

Iraq continues to increase its holdings of US bonds in conjunction with the rise in oil prices, and the huge revenues it achieves monthly through a production capacity of 4.8 million barrels per day.

The White House said that Saudi Arabia "could try to manipulate or divert attention, but the facts are clear," accusing the kingdom of "behaving in the wrong direction" by deciding to cut oil production.

Washington considers OPEC decision to reduce its oil production and then raise fuel prices, as a “hostile act” led by Saudi Arabia against the United States.

The United States and Western countries are still seeking to confront and limit the influence of the OPEC, after its importance as a weapon appeared, and its use against them during the October 6 war in 1973.