Saudi Arabia Strengthens Ties with U.S. and Iran Before Trump’s Return

Saudi Arabia is strategically fortifying its relationships with both the United States and Iran as the 2024 U.S. presidential election approaches. With Trump’s potential return to office, the kingdom is recalibrating its foreign policy to ensure stability in the region. This dual engagement aims to secure both economic interests and geopolitical influence, demonstrating Saudi Arabia’s adept navigation of complex international dynamics.

Riyadh’s New Iranian Corner Reflects Diplomatic Shift

Riyadh’s bustling outdoor venue now features a new “Iranian Corner,” designed with replicas of Persepolis arches and columns. The corner, offering traditional Iranian goods such as carpets and saffron, has generated modest sales. This unexpected cultural addition signals a shift in the city’s approach to Iranian relations, despite the long-standing rivalry between Saudi Arabia and Iran.

Saudi Arabia’s Strategic Shift Amidst U.S. Politics

The inclusion of Iranian-themed products in Riyadh comes amid Saudi Arabia’s strategic recalibration, especially in light of the potential return of Donald Trump to the White House. Saudi officials are seeking to strengthen ties with Tehran while maintaining their long-standing alliance with the U.S. The kingdom’s dual-channel approach is becoming increasingly vital as Crown Prince Mohammad bin Salman navigates complex regional dynamics.

Crown Prince’s Diplomacy with Tehran

Recently, Crown Prince Mohammad proposed increasing trade with Iran in a bid to reduce tensions with the West and curb Iran’s support for proxy militias. This diplomatic overture follows a historic thaw between Saudi Arabia and Iran, mediated by China in March 2023. According to sources familiar with the talks, this strategy aims to reduce the impact of Trump’s “maximum pressure” campaign on Iran.

Balancing Relations with the U.S. and Iran

Riyadh’s approach seeks to balance defense commitments to the U.S. with a more positive engagement with Iran. Crown Prince Mohammad’s diplomatic efforts include sending National Security Adviser Musaad Al-Aiban to Washington. This move underscores the urgency to secure agreements before President Biden’s term concludes. Riyadh is working to align its strategic interests in a changing geopolitical landscape.

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Vision 2030 and Economic Diplomacy

Prince Mohammad’s Vision 2030 plan remains central to Saudi Arabia’s foreign policy, focusing on diversifying the economy away from oil. The kingdom sees regional peace and cooperation as essential to attracting foreign investment and fostering large-scale infrastructure projects. At the Saudi investment conference in October, Foreign Minister Prince Faisal bin Farhan emphasized the need to safeguard the success of this transformative initiative.

Trade and Cooperation: Focus on Food and Medicine

Initial trade between Saudi Arabia and Iran may focus on food and medical supplies, complying with sanctions. Private Saudi firms could use third-party countries, like Iraq, for transactions. This would allow trade to bypass European and U.S. sanctions. The goal is to increase bilateral trade to $1 billion annually. These measures aim to foster long-term economic cooperation between both nations.

Growing Relations and Regional Tensions

The “Iranian Corner” in Riyadh symbolizes the improving relations between Saudi Arabia and Iran. Both countries are strengthening ties in tourism and military areas. They are collaborating in joint naval exercises as part of this effort. Saudi Arabia’s engagement with Iran is aimed at securing internal stability. The kingdom seeks to avoid regional conflicts, such as those involving Hezbollah and Hamas.

A Delicate Balance: Saudi Foreign Policy

Saudi Arabia is treading carefully, balancing its geopolitical objectives with domestic and regional considerations. The recent political rhetoric targeting Israel aims to mollify Arab and Muslim sentiment over Gaza, but Riyadh remains focused on its long-term goals. This balancing act, as well as its relationship with both Washington and Tehran, will be critical in the years ahead.