U.S. gas prices soared in June of this year to an all-time high of $4.99 per gallon –– a 47% increase from prices at the start of 2022. In response to this raging inflation, President Biden traveled to Saudi Arabia in July, with part of the agenda set to discuss boosting oil production with Saudi OPEC leaders. His proposal was rejected and OPEC retained plans to cut oil production, which will drive up global energy prices further. These cuts have yet to be implemented. At the G20 summit in Egypt this November, world leaders acknowledged Western sanctions against Russia and resultantly high inflation rates that have driven up energy prices worldwide. Despite the energy crisis, G20 leaders reaffirmed their commitments to the Paris Agreement and worldwide efforts toward a clean energy transition.
The Israeli-Palestinian conflict is a political minefield and the United States has placed itself right in the middle of it. U.S. diplomatic ties and historical sympathies for Israel have repeatedly antagonized Palestine, and by extension the entirety of the Arab world. The Palestinian question is one of many issues that drive a stake between the U.S. and its Arab allies, although the issue of Palestine has potent nationalistic implications for Arab countries. This in combination with other points of conflict with the Middle East threaten U.S. access to important resources like oil with larger implications for greater global security.