Thanks to fracking, the production of oil and natural gas in the United States is dramatically increasing—and Saudi Arabia isn’t happy about it.
The United Nations launched its largest humanitarian aid request ever today, asking for $12.9 billion on behalf of 500 organizations - $6.5 billion of which would address problems from the Syrian conflict. The UN is trying to persuade China, Saudi Arabia, and Qatar to contribute more (especially as the United States and Europe have been struggling with domestic economic crises), but its fundraising goals are rarely met.
Saudi Arabia was elected to a seat in the UN Security Council but quickly rejected that position and slammed the council for its "double standards" in diplomacy. The event particularly highlights Saudi frustration with the US and with the international community for failing to intervene in Syria, where Saudi has backed the rebels against Assad. Saudi suspicion of the warming relationship between the US and Iran only complicates matters.
The Obama administration has decided to hold part of the $1.23 billion the United States gives to the Egyptian military each year. It could halt aid on a more permanent basis after a review process is concluded.
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