Saudi Arabia has reportedly asked U.S. President Donald Trump to delay actions against Iran. Crown Prince Mohammed bin Salman is advocating for de-escalation rather than military action in the Middle East as tensions remain high between the United States, Iran and Israel. Riyadh reserves the right to retaliate if attacked but refuses to participate in offensive operations. Markets now price a reduced likelihood of the U.S. lifting the Iranian blockade before upcoming deadlines due to this potential delay.
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