Ministers in Riyadh: Iranian attacks cannot be justified under any circumstances

Saudi Arabian officials have reiterated that Iranian attacks on the kingdom and its regional allies cannot be justified, emphasizing that continued strikes on critical infrastructure could trigger retaliatory measures. Foreign Minister Prince Faisal bin Farhan conveyed this stance during a recent dialogue with Iranian counterpart Abbas Araghchi, underscoring Saudi Arabia's preference for diplomatic resolution while warning of potential escalation if attacks persist according to reports. The kingdom has maintained regular communication with Tehran since the U.S. and Israeli military campaign against Iran intensified on February 28, following the collapse of nuclear negotiations as reported.

Recent strikes, including an attack on the Ras Tanura oil refinery—a key global energy hub—have raised concerns about regional stability and economic repercussions. Saudi state media reported intercepting eight drones entering its airspace, highlighting the ongoing threat to energy infrastructure according to state media. Prince Faisal reportedly stated that sustained attacks could compel Saudi Arabia to permit U.S. military operations from its bases, a significant shift in the kingdom's traditionally neutral stance according to reports.

Iranian President Masoud Pezeshkian has apologized for strikes affecting Gulf neighbors and announced a temporary suspension of attacks unless initiated by those countries as reported. However, divisions within Iran's leadership persist, with military commanders reaffirming that U.S. and Israeli bases remain targets according to reports. Saudi officials have clarified that Gulf states have not authorized the U.S. to use their territory for strikes against Iran, complicating de-escalation efforts according to sources.

The conflict's financial implications are acute, with Gulf energy markets vulnerable to further disruptions. Analysts note that prolonged instability could elevate oil prices and strain regional economies already grappling with the fallout from recent strikes. Investors are closely monitoring diplomatic developments and potential retaliatory actions, which could reshape geopolitical and economic dynamics in the Middle East.