> In a series of meetings, the United States and the Saudi royal family made an agreement. The United States would offer military protection for Saudi Arabia's oil fields, and in return the Saudi's would price their oil sales exclusively in United States dollars (in other words, the Saudis were to refuse all other currencies, except the U.S. dollar, as payment for their oil exports).[54][55]<p>From: <a href="https://en.wikipedia.org/wiki/Saudi_Arabia%E2%80%93United_States_relations#Petrodollar_power" rel="nofollow">https://en.wikipedia.org/wiki/Saudi_Arabia%E2%80%93United_St...</a><p>I doubt SA will give up US protection so they might just want to renegotiate terms.