Oil price war halted when US President Donald Trump threatened Saudi Crown Prince Mohammed bin Salman to increase production and end price war with the Russia, claimed international news agency Reuters.
US President Trump admitted in an interview about the telephone call. “They were having a hard time making a deal. And I met telephonically with him, and we were able to reach a deal for production cuts,” Trump said when asked about his conversation with MBS. Asked if he told the crown prince that the US might pull forces out of Saudi Arabia, Trump said, “I didn’t have to tell him.” “I thought he and President Putin, Vladimir Putin, were very reasonable,” Trump said. “They knew they had a problem, and then this happened.”
US President called MBS on April 2 and informed him that US would withdraw its forces from Saudia Arabia unless Organisation of the Petroleum Exporting Countries (OPEC) started cutting oil production.
President Trump told MBS that “he would be powerless to stop lawmakers from passing legislation to withdraw US troops from the kingdom, four sources familiar with the matter told Reuters.”
OPEC announced oil production cut on April 12, almost ten days after the telephone call.
Reuters reported; “The kingdom’s de facto leader was so taken aback by the threat that he ordered his aides out of the room so he could continue the discussion in private, according to a US source who was briefed on the discussion by senior administration officials.”
The week before Trump’s phone call with Crown Prince Mohammed, US Republican Senators Kevin Cramer and Dan Sullivan had introduced legislation to remove all US troops, Patriot missiles and anti-missile defense systems from the kingdom unless Saudi Arabia cut oil output.