Geopolitical events
On September 22, 2026, Saudi Arabia and Iran signed the "Riyadh--Tehran Security and Energy Stability Pact," a landmark treaty mediated by the "Global South Mediation Bloc." The agreement establishes a joint maritime security framework for the Strait of Hormuz and commits $20 billion to cross--border energy infrastructure projects. This strategic alliance aims to mitigate the macroeconomic volatility caused by the "West Asia War" and includes a formal non--aggression clause. The pact is expected to stabilize global oil prices and marks a significant shift in Middle Eastern power dynamics.