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The Saudis have warned that they could push oil prices to $100 or $200 a barrel, an act that would probably plunge the American and global economies into recession. They have suggested that United States defense companies could forfeit tens of billions of dollars in deals that could instead go to Russia or China.
These threats by Saudi Arabia’s monarchy in recent days were its answer to America’s own threats of punishment over the disappearance and reported killing and dismemberment of a dissident journalist that has shocked the world.