Saudi Arabia Sounds Alarm on Gaza Conflict’s Global Economic Impact
Saudi officials warned Sunday that the Israel-Hamas war risks destabilizing the global economy, as world leaders gathered in Riyadh for a high-stakes World Economic Forum (WEF) meeting. Finance Minister Mohammed al-Jadaan urged \"cool-headed\" diplomacy to address conflicts in Gaza and Ukraine, saying they’ve created a climate of uncertainty for markets. 🌐
Riyadh Summit: A Push for Ceasefire
The summit brought together U.S. Secretary of State Antony Blinken, Palestinian President Mahmoud Abbas, and mediators aiming to broker a Gaza truce. Abbas appealed to the U.S. to halt Israel’s planned Rafah offensive, calling it a potential \"biggest disaster\" for Palestinians. Over 30,000 Palestinians have died since October 7, per Gaza health officials.
Can Diplomacy Prevail?
WEF President Borge Brende hinted at \"new momentum\" in hostage talks, while Saudi Foreign Minister Prince Faisal bin Farhan stressed that only a \"credible path to a Palestinian state\" can prevent future crises. Meanwhile, Egypt’s mediators are working to revive stalled ceasefire negotiations. 🕊️
Saudi Planning Minister Faisal al-Ibrahim summed up the stakes: \"We’re walking a tightrope… one misjudgment could deepen global challenges.\"
