In an interview with Press TV, Mark Dankof highlighted a decades-old agreement between the US and oil-rich Saudi Arabia for Riyadh to utilize the dollar for international oil transactions.
“This guarantees American support for the present regime in Saudi Arabia no matter how reprehensible their policies are domestically or internationally,” Dankof said, adding that oil trade in the US dollar has “guaranteed a symbiotic relationship” between Washington and Riyadh.
“Ironically enough,” said the analyst, “[The US-Saudi agreement also] guaranteed that there would be a non-spoken symbiotic relationship between the Saudi regime and the Zionist regime in Tel Aviv.”
He added that the US support for the Saudi regime “will continue at all costs.”
The expert said the April 1971 US-Saudi petrodollar agreement “pegs the survivability of the dollar as the world’s reserved currency to the Saudi regime’s survival and to the Saudi’s ability to enforce the notion worldwide that all petro-transactions are going to be conducted with the American dollar.”
Dankof said Amnesty International’s report on Saudi Arabia’s human rights record makes clear the “ruthless, repressive, [and] criminal” nature of the House of Saud.
Protests against the Al Saud family in the country have intensified since November 2011, when security forces opened fire on protesters in Qatif in Eastern Province, killing five people and leaving scores injured.
Activists say there are over 30,000 political prisoners in Saudi Arabia.
