How MBS’s bet on Iran backfired
Saudi Arabian détente with its regional rival has unravelled as US-Israeli war triggers furious Iranian retaliation
Saudi Arabian détente with its regional rival has unravelled as US-Israeli war triggers furious Iranian retaliation

Riyadh wanted to show it was defending itself but told Tehran it was not joining broader US-Israeli assault

Iran has been severely degraded but for Trump there are lessons to learn

Tehran has a strong incentive to keep the conflict going

Saudi Arabia and Qatar have both suffered significant damage to production capacity during the US-Israeli war against Iran

Nearly five weeks after US and Israel attacked Iran, Washington’s Gulf ally frets about the damage

Bank sees risks of surge in government borrowing costs and of hit to ‘rich’ asset prices