By Finian Cunningham
September 15, 2019 "Information Clearing House" - The devastating blitz on Saudi Arabia’s oil industry has led to a flurry of accusations from US officials blaming Iran. The reason for the finger-pointing is simple: Washington’s spectacular failure to protect its Saudi ally.
The Trump administration needs to scapegoat Iran for the latest military assault on Saudi Arabia because to acknowledge that the Houthi rebels mounted such an audacious assault on the oil kingdom’s heartland would be an admission of American inadequacy.
Saudi Arabia has spent billions of dollars in recent years purchasing US Patriot missile defense systems and supposedly cutting-edge radar technology from the Pentagon. If the Yemeni rebels can fly combat drones up to 1,000 kilometers into Saudi territory and knock out the linchpin production sites in the kingdom’s oil industry, then that should be a matter of huge embarrassment for US “protectors.”
American defense of Saudi Arabia is germane to their historical relationship. Saudi oil exports nominated in dollars for trade – the biggest on the planet – are vital for maintaining the petrodollar global market, which is in turn crucial for American economic power. In return, the US is obligated to be a protector of the Saudi monarchy, which comes with the lucrative added benefit of selling the kingdom weapons worth billions of dollars every year.
According to the Stockholm International Peace Research Institute, Saudi Arabia has the world’s third biggest military budget, behind the US and China. With an annual spend of around $68 billion, it is the world’s number one in terms of percentage of gross domestic product (8.8 per cent). Most of the Saudi arms are sourced from the US, with Patriot missile systems in particular being a recent big-ticket item.
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