Saudi Arabia is cautioning President-elect Donald Trump against carrying out a threat to cut off American purchases of the kingdom's oil, reports CNN.
Trump made the threat earlier this year, saying that if elected he might halt imports of oil from Saudi Arabia and other Arab countries if they don't commit ground troops to fight ISIS, or at least reimburse the U.S. for efforts to battle the terror group.
"Without us, Saudi Arabia wouldn't exist for very long," Trump told The New York Times in March.
Trump later said in a major energy speech that he would bring about "complete American energy independence" from "our foes and the oil cartels."
Now that Trump has won the White House, that threat carries more weight.
Saudi energy minister Khalid al-Falih warned this week that banning oil from his kingdom could backfire.
"At his heart, President-elect Trump will see the benefits and I think the oil industry will also be advising him accordingly that blocking trade in any product is not healthy," Falih told the Financial Times.
The powerful Saudi minister added that "energy is the lifeblood of the global economy" and the U.S. "benefits more than anybody else from global free trade."
The Saudi embassy in Washington did not immediately respond to a request for further comment.
DON'T MISS A POST - FOLLOW US ON FACEBOOK!
Comments at Speisa are unmoderated. We do believe in free speech, but posts using foul language, as well as abusive, hateful, libelous and genocidal posts, will be deleted if seen. However, if a comment remains on the site, it in no way constitutes an endorsement by Speisa of the sentiments contained therein.comments powered by Disqus
Obama blames intelligence agencies for "ISIS surprise"
President Barack Hussein Obama was facing a fierce political backlash on Monday night after he blamed US intelligence chiefs for being caught by surprise by the sudden rise of the Islamic State terror movement in Iraq and Syria.