Biden’s trip to Middle East not likely to result in lower gas prices

President Joe Biden will seek to reset relations with Saudi Arabia on his first trip to the region as president this week, where he will also push for stronger Israeli relations with its neighbors in an effort to counteract Iran.

The president will stop in Jerusalem, including a visit to the West Bank, before he heads to Jeddah for the GCC+3 summit on energy. But experts predict even an in-person visit to the biggest oil-producing country on the planet won’t result in lower prices of gas for Americans.

‘I don’t expect any huge announcements that come out of this trip on the energy front. I’d be very surprised if Saudi Arabia comes out and announces a big increase in oil production,’ Ben Cahill, senior fellow at the Center for Strategic and International Studies, told DailyMail.com.

The White House has emphasized the security angle of the trip and downplayed an expectations for a sudden drop in prices at the pump.

National Security Adviser Jake Sullivan described Biden’s goal for the region, long known for its history of conflict: ‘A region with more stability and fewer wars that could draw the United States in a region that is less hospitable to terrorism.’

Among the agenda items Biden will push on his four-day trip: strengthen the ceasefire in Yemen, work to deep Israeli relations with its Muslim neighbors, support the Palenstinian people, and coordinate on the threat posed by Iran.

Biden will meet Israeli and Palestinian leaders while he’s in Israel. His trip comes less than a month after the collapse of the latest Israeli government.

New Prime Minister Yair Lapid will welcome Biden upon his arrival on Wednesday afternoon. The president will also meet with former PM Benjamin Netanyahu.

Biden supports the two-state solution to the Israel-Palestine conflict. And he sees the region taking the lead in countering the growing threat from Iran. He will get a briefing on the security situation there, including the Iron Dome system.

On Friday, Biden will become the first U.S. president to travel directly from Israel to Saudi Arabia. 

‘They’ve been great pains to emphasize that this is part of a broader regional trip that it’s not about energy, but it’s about energy,’ Mark Finley, an energy expert with Rice’s Baker Institute, told DailyMail.com about the White House.

President Joe Biden will seek to reset relations with Saudi Arabia on his first trip to the region as president this week

While in Saudi Arabia, Biden will attend The Gulf Cooperation Council summit – consisting of Saudi Arabia, Kuwait, the United Arab Emirates, Qatar, Bahrain, and Oman.

And he will give his vision for the Middle East region. 

‘At that summit, he will make a major statement on the Biden administration strategy, his vision for the Middle East region,’ Sullivan said.

Martin Indyk of the Council on Foreign Relations said he thinks Biden will push Israel and Arab nations to push to counter Iran’s growing nuclear threat.

‘I think that President Biden wants to now build what I would call a new kind of strategic vision for the region, which I believe will unfold in Jeddah,’ he said.

‘It’s essentially one in which Israel and the Sunni Arab states step up to counter Iran, and the United States is supporting them. The most obvious manifestation of that will be this integrated defense system against Iranian missiles, rockets, drones, et cetera, in which Israel has a vital role to play,’ he said.

The 2015 nuclear deal between Iran and world powers, known as the JCPOA, imposed limits on Iran’s nuclear program in return for the easing of economic sanctions. But then-President Donald Trump withdrew the U.S. from the agreement in 2018 and reimposed sanctions.

Since the U.S. withdrew from the deal, Iran has expanded its uranium enrichment and restricted access to the U.N. atomic watchdog agency. 

The war in Yemen, which Washington wants to see Riyadh make progress toward ending, will also be a topic of conversation during the Saudi portion of the trip.

And no matter the optics, it remains unlikely gas prices will see a bg drop in the United States after the trip.

Last month Saudi Arabia and The Organization of the Petroleum Exporting Countries decided to increase its output by more than 200,000 barrels a day – a move the Biden administration praised.

Finley said Riyadh may be reluctant to pump out more than that.

He said they are capable but added that they want to keep it for emergencies.

‘It’s not meant for – hey, prices are a little bit high and we need to do something about it or we want to make more money. We’re saving it for an emergency. Just like the United States has a strategic stockpile,’ he noted.

Additionally, U.S. refineries are operating at 95% of capacity, the highest in almost three years, leaving little room to process more crude.

Oil producing nations like Saudi Arabia were raking in a billion dollars a day in oil export receipts in March and April of this year.

And gas prices in the United States have started to drop.

The U.S. average price for a regular-grade gallon was $4.67 on Monday, down 12 cents over the last week and 34 cents from a month ago, according to AAA.

But it’s still over a dollar higher than the average a year ago.

While in Jeddah for the energy summit, Biden will meet with Crown Prince Mohammed bin Salman, the country’s de facto ruler, the White House confirmed on Monday.

But the administration won’t say whether or not the president will shake hands with MBS, as the prince is known, a photo that, if taken, would be shown around the world, likely infuriating some Democrats who are concerned about MBS’ human rights record.  

Sullivan said that President Biden will have a meeting with King Salman bin Abdulaziz Al Saud and his government, which would include MBS, who is Salman’s heir to the throne and serves as defense minister.

‘The president will have the opportunity to have a bilateral program that will involve the King, the Crown Prince, other ministers of the Saudi government,’ he said on Monday.

He declined to answer whether or not Biden and MBS will shake hands.

‘In terms of the precise modalities, I’ll leave that to the folks who are actually organizing this trip,’ Sullivan said.

President Joe Biden

Saudi Crown Prince Mohammed bin Salman

President Joe Biden will meet with Crown Prince Mohammed bin Salman, the country’s de facto ruler, when he visits Saudi Arabia this week

Relations between the U.S. and Saudi Arabia have deteriorated during Biden’s presidency. 

He slammed the kingdom as a ‘pariah state’ after U.S. intelligence agencies concluded that MBS approved the 2018 killing of U.S.-based journalist Jamal Khashoggi in Turkey.

But Biden’s visit to the kingdom is seen as a chance to reset relations at a time gas prices remain high in the United States.

‘It’s really important to Saudi Arabia and the GCC that Biden is coming,’ Cahill of the Center for Strategic and International Studies said. 

‘I think it underscores to them that they play a critical role in the global economy, that they have security issues that they want Washington to address, and that the Biden administration’s engaging with them. So it is really significant for them that he’s coming. Managing the optics of that as obviously complicated,’ he notd.

Those complicated optics include the question of that handshake. 

These official visits are usually highly choreographed affairs set after weeks of planning, which includes where officials will be positioned and how the president can walk into a room to set up or avoid a handshake.

But things can get unpredictable and how the meeting plays out will be closely watched. 

Human rights advocates also have encouraged Biden not to make the trip without bringing up Khashoggi’s killing. 

The White House has said Biden will discuss human rights on the trip but has not specificially said if Biden will discuss the murdered Washington Post journalist. 

‘We have had contact with Jamal Khashoggi, his family. The president has not himself spoken with them. But he has been focused on this issue from the beginning. And as he said when he took office, and as we have stuck by since then, our goal has been to recalibrate but not rupture the relationship with Saudi Arabia to end the blank check policy and to seek accountability,’ Sullivan said.

Biden also has defended his record on human rights.  

‘I know that there are many who disagree with my decision to travel to Saudi Arabia. My views on human rights are clear and long-standing, and fundamental freedoms are always on the agenda when I travel abroad, as they will be during this trip, just as they will be in Israel and the West Bank,’ Biden wrote in an op-ed in the Washington Post.

Biden has been reluctant to deal with the crown prince and, early on his presidency, said he would only deal with the aging King Salman bin Abdulaziz Al Saud, who he sees as his equal. 

And the White House has taken repeated pains to say Biden will be meeting with the king and his leadership team while the president is in Saudi Arabia and that team happens to include MBS.

But a handshake between the two men may be inevitable – and necessary, particularly if Biden wants the Saudis to start pumping more oil in an effort to bring down prices at the gas pump back home.

National Security Adviser Jake Sullivan said that President Biden will have a meeting with King Salman bin Abdulaziz Al Saud and his government, which would include MBS, who is Salman's heir to the throne and serves as defense minister

National Security Adviser Jake Sullivan said that President Biden will have a meeting with King Salman bin Abdulaziz Al Saud and his government, which would include MBS, who is Salman’s heir to the throne and serves as defense minister

Human rights advocates also have encouraged President Biden not to make the trip without bringing up the murder of Washington Post journalist Jamal Khashoggi

Human rights advocates also have encouraged President Biden not to make the trip without bringing up the murder of Washington Post journalist Jamal Khashoggi

Biden will also make a stop in Jerusalem where he will meet with Israeli and Palestinian leaders - above a worker irons an American flag as part of the preparations for that visit

Biden will also make a stop in Jerusalem where he will meet with Israeli and Palestinian leaders – above a worker irons an American flag as part of the preparations for that visit

Experts point out that – from the Saudi point of view – that the high gas prices in the U.S. are a problem of the Biden administration’s own making, a result of sanctions Washington and Western allies have placed on Russia in response to its invasion of the Ukraine.

Martin Indyk of the Council on Foreign Relations noted that despite Biden’s reluctance to engage with the crown prince, the sense come from the Saudi government is that ‘now the president’s going to have to eat crow and kiss the ring.’

‘Both sides should understand that they need to find a way to work with each other and set the direction in the future for a better relationship,’ he said.

‘There is a pragmatic deal that does need to be done on this trip, which is, basically, MBS, the crown prince, agrees to pump more oil and President Biden agrees to take him out of the penalty box,’ Indyk noted.

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