Berliner Boersenzeitung - Blinken to Saudi as window shrinks on Middle East mega-deal

EUR -
AED 4.061288
AFN 70.775509
ALL 90.675389
AMD 400.593084
ANG 1.979064
AOA 1015.183574
ARS 1708.689254
AUD 1.6238
AWG 1.992216
AZN 1.880291
BAM 1.955252
BBD 2.233504
BDT 137.931316
BGN 1.955701
BHD 0.418392
BIF 3352.950594
BMD 1.105865
BND 1.425139
BOB 12.98036
BRL 6.239403
BSD 1.108899
BTN 104.23618
BWP 15.384824
BYN 3.340963
BYR 21674.951068
BZD 2.230305
CAD 1.576787
CDF 2560.077255
CHF 0.924055
CLF 0.02795
CLP 1100.036756
CNY 7.376837
CNH 7.379746
COP 3669.027342
CRC 500.670901
CUC 1.105865
CUP 26.614536
CVE 110.235579
CZK 24.378766
DJF 197.477294
DKK 7.475381
DOP 67.281739
DZD 151.458523
EGP 59.102172
ERN 16.587973
ETB 181.069955
FJD 2.51341
FKP 0.835281
GBP 0.835641
GEL 2.872921
GGP 0.835281
GHS 12.985358
GIP 0.835281
GMD 81.833968
GNF 9825.333246
GTQ 8.473738
GYD 232.004932
HKD 8.674719
HNL 29.819906
HRK 7.533992
HTG 145.30319
HUF 365.255751
IDR 20155.824523
ILS 3.530469
IMP 0.835281
INR 103.991162
IQD 1681.158908
IRR 2116072.3914
ISK 136.607831
JEP 0.835281
JMD 175.670732
JOD 0.784095
JPY 176.866527
KES 143.740232
KGS 96.706658
KHR 4569.842318
KMF 493.216096
KPW 995.278698
KRW 1473.056454
KWD 0.342508
KYD 0.924158
KZT 492.54077
LAK 24955.001149
LBP 99305.448906
LKR 368.776573
LRD 188.519685
LSL 18.483616
LTL 3.265332
LVL 0.668926
LYD 7.151091
MAD 10.923037
MDL 20.227327
MGA 5061.580435
MKD 61.537741
MMK 2322.205462
MNT 3985.6272
MOP 8.959349
MRU 44.849435
MUR 52.573033
MVR 17.034284
MWK 1922.960689
MXN 20.562092
MYR 4.516682
MZN 70.667158
NAD 18.48395
NGN 1486.612123
NIO 40.808924
NOK 10.570298
NPR 166.776734
NZD 1.994333
OMR 0.425208
PAB 1.108989
PEN 3.78104
PGK 5.058673
PHP 70.514353
PKR 306.65217
PLN 4.403999
PYG 6874.165321
QAR 4.042521
RON 5.346967
RSD 117.592172
RUB 91.566428
RWF 1638.140569
SAR 4.173939
SBD 8.954518
SCR 15.436416
SDG 665.178718
SEK 11.081778
SGD 1.422645
SHP 0.828643
SLE 25.323557
SLL 23189.436572
SOS 633.722267
SRD 41.474377
STD 22889.169671
STN 24.493574
SVC 9.703454
SYP 14378.455163
SZL 18.470987
THB 37.44403
TJS 10.23007
TMT 3.870527
TND 3.338009
TOP 2.662657
TRY 55.693675
TTD 7.533024
TWD 36.332083
TZS 2941.18135
UAH 50.391167
UGX 4563.720064
USD 1.105865
UYU 44.947597
UZS 13274.277111
VES 995.820793
VND 28371.515669
VUV 133.071731
WST 3.090736
XAF 655.957
XAG 0.021908
XAU 0.000282263193
XCD 2.988655
XCG 1.998576
XDR 0.781904
XOF 655.957
XPF 119.331742
YER 261.533097
ZAR 18.528085
ZMK 9954.105304
ZMW 22.649955
ZWL 356.088031
SSP 6576.037102
MXV 2.309749
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Blinken to Saudi as window shrinks on Middle East mega-deal
Blinken to Saudi as window shrinks on Middle East mega-deal / Photo: WANG Zhao - AFP

Blinken to Saudi as window shrinks on Middle East mega-deal

Washington's top diplomat will travel to Saudi Arabia on Sunday as the deadline approaches on a landmark -- and, analysts say, long-shot -- deal that would see the kingdom recognise Israel.

Text size:

US Secretary of State Antony Blinken's visit to Riyadh comes nearly seven months after the eruption of war in Gaza put the brakes on what was intended as a signature foreign policy achievement for his boss, US President Joe Biden.

It also comes as Americans prepare to vote in November on whether to give the 81-year-old Biden a second term, an election process that could scramble what progress has been made on Saudi-Israeli normalisation so far.

In September, before Hamas's October 7 attack on Israel sparked the war, Saudi Crown Prince Mohammed bin Salman told Fox News that "every day we get closer" to a deal that could also bolster the Washington-Riyadh security partnership.

However Prince Mohammed, Saudi Arabia's 38-year-old de facto ruler, also said the Palestinian issue was "very important" for Riyadh, adding: "We need to ease the life of the Palestinians."

As fighting drags on and mediators struggle to lock in a truce, Saudi officials have reiterated their insistence on recognition of an independent Palestinian state.

Princess Reema bint Bandar al-Saud, the Saudi ambassador to Washington, told the World Economic Forum in January that normalisation would be impossible without an "irrevocable" pathway towards that state's creation.

While it is no surprise Saudi Arabia would link ties with Israel to a resolution of the Israeli-Palestinian conflict, "the price for normalisation, especially on the Palestinian front, has certainly gone up," said Saudi analyst Aziz Alghashian.

"What can be said is that there needs to be something more tangible than theoretical," he said.

"In other words, more irreversible steps that are clear-cut, rather than just promises."

The US State Department said that Blinken will discuss "a pathway to an independent Palestinian state with security guarantees for Israel", during talks in Riyadh on Monday and Tuesday.

- Progress disrupted -

Saudi Arabia, home to Islam's holiest sites, has never recognised Israel and did not join the 2020 US-brokered Abraham Accords that saw its Gulf neighbours Bahrain and the United Arab Emirates, as well as Morocco, establish formal ties with Israel.

During a debate in 2019, Biden vowed to treat Prince Mohammed as a "pariah" over human rights concerns.

But after Biden visited the Saudi city of Jeddah and fist-bumped the crown prince in 2022, his administration actively pursued a Saudi-Israeli deal that would build on the Abraham Accords, a foreign policy win for his predecessor Donald Trump.

The Saudis indicated they would want more than their Gulf peers got, bargaining hard for benefits like US security guarantees and assistance with a civilian nuclear programme with uranium enrichment capacity.

In the months that followed, Israeli and American officials issued bullish statements, while the Saudis said characteristically little.

Their leverage, strengthened by their status as perceived leaders in the Muslim world, was never in doubt, said Elham Fakhro of the Chatham House think-tank.

"Saudi Arabia is aware of how badly the Biden administration wants a deal," Fakhro said.

"It is also aware that no other Arab country holds as much leverage as it does in lobbying for the Palestinians."

Any momentum stalled abruptly with Hamas's October 7 attack, which resulted in the deaths of about 1,170 people, mostly civilians, according to an AFP tally based on official Israeli figures.

Israel's retaliatory military campaign to destroy Hamas has killed more than 34,000 people, mostly women and children, according to the health ministry in Hamas-run Gaza.

Riyadh has consistently denounced Israeli forces' conduct in Gaza, accusing them of "unchecked heinous war crimes" just this week.

- A tall order -

Even without the Gaza war, sealing the Saudi-Israeli-US deal would be a tall order.

"The US will have to deliver on something and none of Saudi Arabia's conditions (or requests) are easy," Fakhro said.

"A defence pact would have to go through Congress and its approval there is far from certain."

The rancour of election season in the US makes bipartisan deal-making even more difficult.

In any case, Netanyahu has repeatedly made clear his opposition to a Palestinian state, saying last month that Israelis rejected any attempt to "ram" it "down our throats".

Given Saudi Arabia's position, that means an imminent breakthrough is unlikely.

Long-time observers of Saudi diplomacy stress that should come as no surprise, despite the recent flurry of meetings and statements.

"From the beginning, Saudi Arabia was clear: addressing the Palestinian-Israeli conflict in a manner that satisfies the Palestinians is a precondition for normalisation with Israel," said Saudi analyst Hesham Alghannam.

"Saudi Arabia is genuine in its condition that normalisation is linked to the end of Israel's occupation of Palestinian land."

(K.Lüdke--BBZ)