Abraham Accords should be part of Iran deal - Trump
A potential peace deal with Iran should provide for signing the Abraham Accords on normalizing relations with Israel by a number of countries, including Iran, U.S. President …
Saudi Arabia
Iraq searching for those involved in drone attacks on Saudi Arabia and UAE
Iraqi Prime Minister Ali al-Zaidi directed that necessary measures be taken against those involved if it is proven that Iraqi territory was used as a launching pad for attacks against Saudi Arabia and the UAE.
Saudi Arabia calls on Iran to engage in diplomacy
Saudi Arabian officials have urged Tehran to seize the opportunity presented by the USA to address conflicts through diplomatic channels.
Oil companies shipping fuel bypassing Strait of Hormuz
Freight rates on the Shanghai to Gulf and Red Sea route hit record highs this week, surpassing even the peaks reached during the Covid-19 pandemic, Financial Times reported, citing sources.
Saudi Arabia proposes non-aggression pact between Iran and regional countries
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.
Visa-free travel takes effect between Russia and Saudi Arabia
A visa-free travel arrangement between Russia and Saudi Arabia took effect on Monday.
Saudi Arabia refuses to support US Operation Project Freedom - report
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.
US submits draft UNSC resolution on Strait of Hormuz navigation
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.
OPEC countries to raise oil output by 188,000 barrels per day
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.
Saudi Arabia boosts revenue due to Hormuz blockade
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.
Russians soon be able to travel to Saudi Arabia visa-free
The Russian Foreign Ministry noted a mutual increase in tourist flow between the countries
UAE exit from OPEC to hinder Saudi Arabia's influence on oil prices - report
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 may cause digital catastrophe in Middle East - report
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 demands US end Hormuz blockade - report
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.
OPEC countries oil production-down about a third
Crude oil production in the major Gulf Arab exporters plunged in March due to the Iran war, according to data released by OPEC.
Saudi oil sales to China to halve - report
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.
Saudi Arabia's oil production falls by 600,000 bpd
The Ministry of Energy of Saudi Arabia announced a decrease in production capacity due to attacks from Iran.
Russia-Saudi Arabia visa-free deal comes into force on May 11
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.
OPEC plus to ramp up oil output in May
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.
Chinese visitors account for largest number of tourists in Russia last year
China ranked first in the number of tourists visiting Russia last year. Overall, inbound tourism increased by 15%.
