Saudi Arabia and America Bankrupted the Soviet Union With Oil

In September 1985, Saudi Arabia made an announcement that would destroy the Soviet Union. The kingdom would flood the world with cheap oil, driving prices from $30 to $10 a barrel. This wasn't a market accident—it was a coordinated economic attack orchestrated by Ronald Reagan's CIA and the Saudi royal family. By the 1980s, the USSR had become a petro-state, earning 80% of its hard currency from oil exports. When the price collapsed, Soviet revenues were cut in half overnight. The Kremlin could no longer afford to import grain, subsidize Eastern Europe, or maintain military spending. By 1991, the Soviet Union ceased to exist. The Cold War wasn't won by nuclear weapons or military might—it was won by oil price manipulation. This is the untold story of how two countries weaponized a commodity to bankrupt a superpower and reshape the world order.


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