Saudi Arabia Latest News and Legal & Political Updates
Pakistan's Defence Minister Khawaja Asif publicly called for the Mecca Joint Defence Agreement between Pakistan, Saudi Arabia, and Turkiye to expand into a "NATO of the Islamic world," urging Muslim nations to set aside differences and unite on a single security platform. The trilateral pact was signed on August 7.
Read Full ArticleSaudi Arabia, Pakistan, and Turkiye signed the Mecca Joint Defence Agreement on August 7, 2026, committing that any armed attack on one will be treated as an attack on all three. The trilateral pact was signed in Mecca by Crown Prince MBS, PM Shehbaz Sharif, and President Erdogan amid the ongoing Iran war.
Houthis struck Aramco's Jizan refinery and Yanbu export terminal on July 25 with dozens of ballistic missiles and drones, the first such strikes on Saudi oil infrastructure since 2022, completing what analysts describe as a dual-chokepoint trap that has pushed Brent back above $100 and left the world's oil supply with nowhere safe to go.
Saudi Aramco has cut Arab Light crude prices for Asian buyers by $11 per barrel for August deliveries, the largest single-month price reduction in at least 26 years, as the Strait of Hormuz reopens, Brent retreats to $72, and a global supply surge shifts market power sharply toward buyers.
UAE exits OPEC and OPEC+ from May 1, 2026, aiming higher output and strategic autonomy, reshaping global oil markets and weakening cartel control.
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