The partnership between Israel and Saudi Arabia has been growing in recent years and some experts believe it could push out the United States. Saudi Arabia's exertion of power through oil sanctions has not been detrimental to its economy, and the International Monetary Fund has projected a positive impact on the Saudi budget and external position. While Saudi Arabia's economic growth rate may suffer from lower crude production, the cuts won't affect its non-oil expansion, according to the IMF. Saudi Arabia still heavily depends on petrodollars to fund spending, but the IMF is confident the country can rely on non-oil revenue or review spending commitments if oil prices decline again.
