Many EU countries have supported a Saudi initiative to conclude a non-aggression pact between Iran and other Middle Eastern nations, viewing the proposal as the best way to prevent future conflicts in the region.
A visa-free travel arrangement between Russia and Saudi Arabia took effect on Monday.
Saudi Arabia refused to support Washington's Operation Project Freedom to help ships go through the Strait of Hormuz because the U.S. had failed to notify Riyadh of the initiative in advance, NBC News reported, citing U.S. officials.
The United States has submitted to the UN Security Council a draft resolution on protecting freedom of navigation in the Strait of Hormuz, under the pretext of combating an alleged threat emanating from Iran.
Seven key OPEC+ members (Russia, Saudi Arabia, Iraq, Kazakhstan, Kuwait, Oman and Algeria) have decided to raise oil output quotas by 188,000 barrels per day (bpd) in June, the group said in a joint statement.
The blockade of the Strait of Hormuz is creating an economic split among oil exporters in the Persian Gulf, with Saudi Arabia and Oman set for a windfall and others including the UAE seeing a drop in petrodollar income, Bloomberg reported.
The Russian Foreign Ministry noted a mutual increase in tourist flow between the countries
The United Arab Emirates exit from OPEC would be painful for the oil cartel, undermining Saudi Arabia’s ability to influence global oil prices through it, the Canadian newspaper The Globe and Mail said.
Iran’s Islamic Revolutionary Guard Corps (IRGC) is prepared to damage undersea internet cables lying on the seabed of the Strait of Hormuz, a move that could trigger severe economic consequences for the countries of the Middle East.
Saudi Arabia is demanding that the US stop blocking the Strait of Hormuz and return to the negotiating table with Iran, The Wall Street Journal reported, citing sources.
Crude oil production in the major Gulf Arab exporters plunged in March due to the Iran war, according to data released by OPEC.
Saudi Arabia’s crude sales to China are set to halve next month as the war in the Middle East upends flows and lifts prices.
The Ministry of Energy of Saudi Arabia announced a decrease in production capacity due to attacks from Iran.
The agreement between the governments of Russia and Saudi Arabia on the mutual abolition of visa requirements for citizens of the two countries comes into force on May 11, the Russian Foreign Ministry said.
Eight leading OPEC+ countries have decided to increase oil production by 206,000 barrels per day (bpd) in May (compared to April levels), the organization’s statement said.
China ranked first in the number of tourists visiting Russia last year. Overall, inbound tourism increased by 15%.
Russia sees Saudi Arabia and other Gulf nations as good friends and would like to boost cooperation with them, Kremlin Spokesman Dmitry Peskov said.
An American E-3 aircraft, equipped with an airborne early warning system, was destroyed in an Iranian attack on a base located in Saudi Arabia.
Pakistan will host Saudi Arabia, Turkey and Egypt for talks on March 29-30 on the Iran war as Islamabad positions itself as a potential venue for U.S.-Iran negotiations on the month-old conflict.
U.S. buildings and facilities have come under attack in Saudi Arabia, the Press TV broadcaster reported on Thursday.
