Biden warns there will be 'consequences' for Saudi Arabia after oil production cut

President Joe Biden warned Tuesday that Saudi Arabia would face "consequences" after OPEC+ last week announced the biggest cut in oil production since the start of the coronavirus pandemic.

Senior Democrats on Capitol Hill have condemned the decision by Saudi Arabia, the de facto leader of the oil-producing alliance, to reduce the global supply of petroleum. Higher oil prices are seen as helping Russia, the world's second-largest oil exporter, finance its war in Ukraine.

"There’s going to be some consequences for what they’ve done with Russia," Biden said of Saudi Arabia in an interview with CNN's Jake Tapper. “I’m not going to get into what I’d consider and what I have in mind. But there will be — there will be consequences.”

The president indicated Congress will act when it is back in session after the midterm elections.

White House press secretary Karine Jean-Pierre said at a briefing earlier Tuesday that the U.S. would reassess its relationship with Saudi Arabia following OPEC+'s "decision to align their energy policy with Russia’s war."