Riyadh offers Tehran cash incentive for not escalating conflict beyond Gaza — media

audi Arabia has offered to invest in Iran’s economy if Tehran does not allow the conflict between Israel and Hamas to expand to the rest of the region, Bloomberg reported.

According to the news agency, the Saudis will inject money into Iran if it can influence its "proxies" in the region and prevent them from turning the armed conflict between Israel and Hamas into a large-scale military confrontation. The Saudi side has been offering this both directly and through various intermediaries since Palestinian militants invaded Israel's territory on October 7 and triggered the new escalation of the conflict in the Middle East.

Furthermore, the possibility of interaction on this subject between Tehran and Riyadh was discussed during a face-to-face meeting between Iranian President Ebrahim Raisi and Saudi Crown Prince Mohammed bin Salman Al Saud, which took place on the sidelines of the Arab and Islamic Summit on November 11. According to the agency's sources, Raisi was one of the first world leaders with whom the heir to the Saudi throne held talks after October 7.

The Saudi source also notes that Mohammed bin Salman Al Saud is currently focused on de-escalating relations with Iran. The source says that during recent meetings with Iranian officials, the prince has sought to emphasize the benefits of diplomatic cooperation between the countries and has expressed concern over Iran's support for armed groups based in Arab countries.

The Saudi and Iranian sides refused to provide any comments to the agency.