Saudi Arabia promotes the Mecca Agreement, considering including Iran
2026-08-26 00:39:50
According to CoinMeta, Saudi Arabia, Turkey, and Pakistan are pushing for a Mecca agreement and are considering inviting Iran to join. The agreement aims to establish a collective security mechanism among member countries. If Iran joins, this mechanism will bring Saudi Arabia, Turkey, Pakistan, and Iran under the same security framework. Middle Eastern countries are seeking to reduce their dependence on U.S. security guarantees, and if Gulf states establish a diversified security and financial cooperation system, their willingness to settle oil in dollars and allocate dollar assets will be affected.
Source:Internet
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