MHMarkets ：Biden's Middle East trip this week, visits to Israel, Saudi Arabia

US President Joe Biden will visit Israel, the West Bank and Saudi Arabia from July 13 to 16. With global energy prices soaring during the year and U.S. inflation soaring to a more than 40-year high, Biden's trip to the Middle East this time has been extremely high-profile: it will be Biden's first visit to Saudi Arabia since he took office as president, and the recent domestic support rate The president of the United States, who has been declining steadily, is now facing an embarrassing choice that seems to be a dilemma: to avoid the fate of returning empty-handed, perhaps the only way is to put down his body as much as possible.

Biden's trip to the Middle East has two considerations. First, driven by factors such as the Russian-Ukrainian conflict, blocked negotiations on the Iran nuclear deal, and global energy and food crises, the United States has the need to rebuild its traditional allies in the Middle East, and may continue to ask Arab countries to choose sides to cooperate with the isolation of the United States and the West. Russia and Iran. The Biden administration is also eager to persuade Saudi Arabia and other Gulf producers to increase oil production to ease the global energy crisis and rising inflation in the United States triggered by sanctions on Russia.

Financial data and events to focus on today:

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