History, Relations with Other Middle Eastern States
Prince Khalid, Saudi relations, Prince Faisal, King Saud, Organization of Petroleum Exporting Countries
At a conference held in Baghdad from September 10 to 14, 1960, Saudi Arabia, Iraq, Iran, Venezuela, and Kuwait founded the Organization of Petroleum Exporting Countries (OPEC) to coordinate their policies and help sustain oil prices. On December 21, Saud reclaimed control of the government from Faisal and made himself prime minister.
In October 1962 King Saud again relinquished the premiership to Faisal. Meanwhile, Saudi relations with Egypt had deteriorated considerably. Serious tension developed after the September 1962 revolution in Yemen; Egypt supported the new republican government, while Saudi Arabia gave refuge to the overthrown Yemeni imam and pledged to support his efforts to regain his throne. After Saudi royalist attacks against Yemen, Egyptian planes bombed Saudi towns in November, and Saudi Arabia severed diplomatic ties with Egypt and mobilized its armed forces on January 3, 1963.
Prince Faisal, who had been consolidating his power and introducing major social and economic reforms, replaced Saud as king on November 2, 1964. He designated his half brother, Prince Khalid ibn Abdul, as the new prime minister.
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