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VisitSaudi Arabia Strengthens US and Iran Ties Amid EU3-Iran Talks
Nov 29, 2024, 03:00 PM
Saudi Arabia is actively strengthening its economic and political ties with both the United States and Iran in anticipation of Donald Trump's return to the White House. This strategic move comes as Trump's victory is seen as a test for the Middle East's regional dynamics. Concurrently, Iran has engaged in new nuclear negotiations with the European troika (EU3), presenting an opportunity for the incoming Trump administration to address the long-standing dispute over Iran’s nuclear program. These negotiations could potentially improve relations throughout the Middle East. Iran is also likely to explore opportunities to create divisions between the Europeans and the Trump administration during these talks, while Saudi Arabia has cautiously begun to explore defense cooperation with Iran.
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Markets
Yes • 50%
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Official announcements from Saudi Arabian or Iranian government sources, or credible news outlets
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Successful agreement reached • 25%
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Balances relations equally • 25%
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