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U.S. President Biden has decided to visit Saudi Arabia to catch soaring oil prices.
It is said that there is an emergency in the price of oil and other rising prices to the extent of visiting Saudi Arabia, which has been away from each other for a while.
Correspondent Yunsu Kim from Washington.
[ Reporter
] The White House has announced that President Biden will travel to the Middle East in the middle of next month.
He plans to visit Israel first and then Saudi Arabia.
Even before taking office, President Biden has maintained a cold relationship since he declared that he would 'bully' Saudi Arabia from the international community when Crown Prince bin Salman was accused of assassination of Saudi dissident journalist Khashoggi.
Analysts say that the decision to visit Saudi Arabia was the decisive factor in the surge in oil prices when this problem was not resolved.
It is said that help is urgently needed, such as increasing production in Saudi Arabia to stabilize oil prices.
[Carinne Jean-Pierre / White House Press Secretary: Energy security is an important issue, but there are other issues as well.
As you know, Saudi Arabia is the chair country of OPEC Plus and is the largest oil exporter.]
It is known that a plan to cut high tariffs on some consumer goods made in China is being considered.
Ahead of the midterm elections in November, the Biden government's approval ratings were at their lowest daily due to intensifying inflation.
[Biden/President of the United States: Jobs are coming back, but prices are too high.
The COVID-19 pandemic has subsided, but oil prices continue to rise.
There is still work to be done.]
Concerns over prolonged inflation are growing, as the US Department of Labor said last month that the producer price index rose nearly 11% compared to the same month last year.