Get 40% Off
⚠ Earnings Alert! Which stocks are poised to surge?
See the stocks on our ProPicks radar. These strategies gained 19.7% year-to-date.
Unlock full list

Saudi Arabia welcomes Iran nuclear deal, seeks region free of WMD: statement

Published 04/06/2015, 08:49 AM
Updated 04/06/2015, 09:21 AM
© Reuters. Delegates are seen in Lausanne following Iranian nuclear talks

DOHA (Reuters) - Saudi Arabia's cabinet said on Monday it welcomed an interim deal between Iran and world powers over Iran's disputed nuclear program and that it hoped a final deal would rid the region of weapons of mass destruction.

Iran and six world powers -- the United States, Britain, France, Germany, China and Russia -- reached a framework agreement on Thursday that would curb Tehran's nuclear research for at least a decade and gradually lift Western sanctions. That deal is contingent on reaching a final agreement in three months.

A conservative Sunni Muslim kingdom, Saudi Arabia regards revolutionary, Shi'ite Iran as its biggest regional rival. For 11 days, it has led fellow Sunni Gulf Arab in air strikes against Houthi militiamen allied to Tehran in neighboring Yemen, just one of the region's war zones where the two powers back opposing sides.

"The council of ministers expressed hope for attaining a binding and definitive agreement that would lead to the strengthening of security and stability in the region and the world," the statement carried by state news agency (SPA) said.

It added that Saudi Arabia hoped a final deal would pave the way for a "Middle East and the Arabian Gulf region free of all weapons of mass destruction, including nuclear weapons."

The statement stressed a need for "good neighborliness and non-interference in the affairs of Arab states" -- a likely reference to Iran and its role in civil wars in the Arab world.

The kingdom is also concerned that loosening sanctions will enable Tehran to more generously support armed proxies opposed by Riyadh in Syria, Iraq, Lebanon and Yemen.

© Reuters. Delegates are seen in Lausanne following Iranian nuclear talks

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.