President Biden may be exploring additional options for oil with a possible trip to Saudi Arabia in the coming months, a new report said.
Federated Hermes chief equity strategist Phil Orlando joins 'Mornings with Maria' to discuss skyrocketing oil prices and the economic impact.
Now critics are slamming him by pointing to current events as evidence that energy independence is essential. When the U.S. boasted sanctions against Russia last month, the Treasury Department made clear that the blocking of transactions included a carve-out that allowed energy-related purchases. The administration is leaving the possibility of closing that loophole as an option.
Turning to Saudi Arabia as an alternative could require the U.S. to smooth over some differences between the two nations. Last year, Biden released an unclassified report concluding that Saudi Arabian crown prince Mohammed bin Salman, commonly known as MBS, approved the killing of Washington Post writer Jamal Khashoggi.
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