Saudi Arabia emphasized the importance of regional stability amidst the escalating Israel-Hamas conflict, warning of its impact on global economic sentiments.
During a summit in Riyadh attended by various Gaza mediators, including US Secretary of State Antony Blinken and Palestinian leaders, Saudi Finance Minister Mohammed al-Jadaan stressed the need for cooler heads to prevail to de-escalate tensions.
The conflict, which began with a Hamas attack on southern Israel, has resulted in significant casualties on both sides.
Israeli estimates suggest that hostages are still held in Gaza, fueling further tension and violence. Saudi planning minister Faisal al-Ibrahim highlighted the delicate balance between security and prosperity being faced globally, emphasizing the need to avoid misjudgments that could exacerbate challenges.
While discussions at the summit indicated some progress in talks around the hostages and a potential resolution for the conflict in Gaza, formal mediation involving other countries like Qatar and Egypt was noted to be ongoing.
The focus of the conversations included the humanitarian crisis in Gaza and concerns about Iran’s support for Hamas and Lebanon’s Hezbollah group.
US Secretary of State Blinken’s participation aimed at advancing efforts for a ceasefire in Gaza and the release of hostages, with Hamas reportedly studying a recent counterproposal from Israel.
The absence of Israeli representation at the summit is positioned as an opportunity for structured discussions among key stakeholders to address the crisis.
