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Middle East

Saudi Arabia and Russia Agree on Second Phase of Cooperation | Source: Alriyadh daily

Both countries agreed on the second phase of the roadmap to implement the high-level  Saudi-Russian strategic cooperation framework, which was signed in Riyadh in October 2019. They focused on energy, economy, and natural resources, among others.

Source: Alriyadh daily


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Middle East

Iraq Mediators Join Israeli-Saudi Arabia Talks on Normalizing Relations | SOURCE: VOA NEWS

Iraqi mediators have been working patiently behind the scenes to try to bring about a diplomatic rapprochement between long-time adversaries Iran and Saudi Arabia. Saudi Arabia and Iran have been battling each other through their regional proxies in Lebanon, Syria, Iraq and Yemen for a number of years.

SOURCE: VOA NEWS


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GGN News on Geopolitics and Geoeconomics: Weekly Top 10.(From May 7 to May 13)



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Geoeconomics

Iran To Saudi Arabia: Sell Our Oil And We Will Reduce Houthi Attacks | SOURCE: OIL PRICE

Iran is looking to persuade its regional rival Saudi Arabia to help it to sell Iranian crude oil on international markets in exchange for limiting attacks from the Iran-aligned Houthi rebels in Yemen on Saudi oil infrastructure. Until the sanctions slapped on Iran’s oil exports by U.S. are in place, Iran is looking for alternatives to have its oil sold on the international markets.

SOURCE: OIL PRICE


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Geopolitics

US Deploys F-18 Fighters to Saudi Arabia Amid Escalating Violence in Mideast | SOURCE: SPUTNIK

US Air Force photo by Senior Airman Luke Milano

The United States Air Forces Central Command announced that F-18 fighter jets were deployed to Saudi Arabia to promote security and stability amid the escalating violence in the Middle East, amid a recent escalation in Gaza that has seen clashes between Hamas and the IDF.

SOURCE: SPUTNIK


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Geopolitics

Iran Officially Confirms Holding Negotiations With Saudi Arabia to Mend Ties | SOURCE: SPUTNIK

Iran officially confirms is holding negotiations with Saudi Arabia to resolve the issues standing in the way of normal relations between the two countries, which cut bilateral ties in 2016 over scandals around the execution of a Shiite cleric in Saudi Arabia and Riyadh’s claims of Iran’s meddling in the domestic affairs of regional powers.

SOURCE: SPUTNIK


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Geoeconomics

Turkish exports to Saudi Arabia near zero after informal boycott | SOURCE: AHVAL NEWS

Turkey’s exports to Saudi Arabia have dropped to almost zero after the Arab kingdom enforced an informal blockade on the goods. Meanwhile, Turkey is seeking to repair relations with Saudi Arabia, marred by a political crisis over the killing of dissident Saudi journalist Jamal Khashoggi and over policy in war-torn Libya, backing different sides in the conflict.

SOURCE: AHVAL NEWS


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Geopolitics

MIDDLE EAST

SAUDI ARABIA:

  • A senior Saudi Arabian delegation visited Syria as part of a widescale attempt by Saudi Arabia to improve relations with those aligned with Iran. It s part of an initiative by Saudi Crown Prince Mohammed bin Salman, due to an understanding that the US will return to the “Iran deal.” Some Gulf states, such as Oman and the UAE, have recently rekindled ties with the Syrian regime.

SOURCE: ISRAEL NATIONAL NEWS THE NEW ARAB


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Geopolitics

MIDDLE EAST

IRAN:

  • Iran’s foreign ministry has said the country is open to direct talks with Saudi Arabia after media reports said the two regional rivals recently held secret talks. The two countries have not had formal diplomatic ties since January 2016 when Saudi Arabia’s embassy in Tehran was stormed after a prominent Shia Muslim leader was executed by Riyadh.

SOURCE: AL JAZEERA


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Geoeconomics

SOUTH ASIA

INDIA:

  • India has emerged as the top buyer of US crude in the first quarter of calendar year 2021, after Saudi Arabia staved off India’s request to boost production to cool prices, and Indian refiners replaced some of the Saudi volumes with US cargoes at the behest of the government.

SOURCE: THE HINDU BISINESS LINE


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