Concerning Bidens failed foreign policy, there is much to unpack. This post will focus on Saudi Arabia.
For many decades there has been a mutualy beneficial agreement between the Saudis and the USA.
The two main agreed on details were:
In exchange for the USA protecting Saudi Arabia, and their oil fields. The Saudis would only take the US dollar as payment for oil purchases.
This was a brilliant move by whoever thought it up. I believe credit goes to Carters administration, but that could be wrong.
This move is the foundation of how the US dollar became the world's currency. If you want oil, you better have US dollars. Brilliant!
Very early in Biden's term, he pissed the Saudis off. Believe it had to do with the reporter the Saudis assassinated. Biden pushed the Saudis too far. The final straw came when Biden made his deal with Iran, despite strong protests from the Saudis.
After Bidens deal with Iran, Saudi claimed it made Saudi less secure, thus violating the long time agreement. The Saudis canceled the agreement, and announced the US dollar was no longer necessary to buy their oil.
In addition, the Saudis started to play footsy with Putin. Not sure how deep this new friendship goes. What is known is, the Saudis bought oil from Russia, proping up Russias economy. Think about that for a minute. Oil rich Saudi buying oil, probably to resale at a profit.
The problem is even bigger. Saudi has a lot on influence with other Arab countries. And, can put pressure on countries that need their oil.
This was visible at the Oct Cairo peace summit. More that 30 leaders were invited to discuss the 2 week old Gaza war, including Biden.
Just before Bidens plane landed. The summit was postponed. Excuse, a Gaza hospital was bombed. This should of sparked more talks, not postponed them.
Biden hung around Israel for a while. Almost as soon has his plane took off for the return trip, the summit was back on. The Arab countries, influenced by the Saudis, had shut Biden out of the Summit. A low level US representive did attend the meeting, but was not given the chance to speak.
Not sure if there is a stronger sign of how much damage Biden has done to foreign relations. When many countries will not talk with him. Totally disrespecting Biden.