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Executive Summary:

  • US President Joe Biden says he will work with Congress to re-evaluate the US-Saudi bilateral relationship as the fallout continues from the OPEC+ decision to slash oil production.
  • Biden gave his thoughts on Russia, Saudi Arabia, OPEC, and the economy in a rare interview yesterday with CNN’s Jake Tapper yesterday.
  • A Ukraine Defence Contact Group meeting is underway shortly in Brussels, Belgium ahead of a NATO defence ministerial. The group is expected to announce a significant increase in air defence systems to protect critical Ukrainian infrastructure from further missile attacks but that might be easier said than done.
  • Israel and Lebanon announced yesterday that they have reached an “historic agreement” over their shared maritime border, potentially paving the way for natural gas exploration.
  • Poll of the Day: The abortion scandal surrounding Republican Senate candidate Hershel Walker in the crucial Georgia Senate race appears to have pushed the needle back towards Democrat incumbent Senator Raphael Warnock (D-GA).

Please find the full article attached below:

MNI POLITICAL RISK ANALYSIS - US Daily Brief 12-10-22 .pdf

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