Breaking
"Saudi Crown Prince urges Trump to sustain push against Iran…'chance to reshape Middle East'"
Summary
- It was reported that Crown Prince Mohammed bin Salman told President Donald Trump that military operations against Iran should continue.
- It was reported that markets see the Middle East situation as unlikely to ease in the near term and that the war could become protracted.
- It was reported that if the Middle East war drags on, volatility in the energy market and global financial markets is likely to increase.
Reports say Saudi Arabia’s de facto leader, Crown Prince Mohammed bin Salman, has urged President Donald Trump to continue military operations against Iran. Markets are increasingly seeing the Middle East situation as unlikely to ease in the near term.
According to The New York Times on the 24th, Crown Prince Mohammed bin Salman recently told President Trump in a phone call that military operations against Iran should be kept going.
The newspaper said the crown prince views the operation as a “historic opportunity to reshape the Middle East.”
He also reportedly described Iran’s regime as a long-term threat, conveying the view that “the threat will be difficult to eliminate without removing the current system.”
Saudi authorities, however, drew a line against interpretations that Riyadh officially supports a prolonged war. Saudi officials said, “We have supported a peaceful solution since before the conflict began,” adding that “our position remains unchanged.”
Meanwhile, markets are warning that a prolonged Middle East war would likely amplify volatility in energy markets and global financial markets.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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