Saudi Cabinet’s Firm Stance on Palestinian Rights and Oil Market Stability
Photo: Reuters
In a recent cabinet session held on Tuesday in Riyadh, the Saudi council of ministers addressed two critical issues that have significant implications for regional stability and international relations. The session was marred by serious concerns regarding Israel’s recent statements and actions in relation to the Palestinian territories, as well as discussions about the ongoing efforts to secure the stability of the global oil market. At the forefront of the session, the Saudi cabinet firmly rejected the statements made by Israel concerning the displacement of Palestinians, the potential reoccupation of the Gaza Strip, and the ongoing construction of settlements. These actions by Israel have been a longstanding point of contention, as they are seen to undermine the peace process and violate international law. The cabinet emphasized that Israel’s actions constitute a blatant disregard for international humanitarian law and the rights of the Palestinian people. The displacement of Palestinians from their homes and the expansion of Israeli settlements in the occupied territories are seen as major obstacles to achieving a two-state solution, which is widely recognized as the path to a just and lasting peace in the region. In its condemnation, the Saudi cabinet underscored the significance of the international community’s efforts to activate accountability mechanisms against Israel’s violations. The council of ministers called upon international bodies, including the United Nations and the International Criminal Court (ICC), to take decisive actions to hold Israel accountable for its actions, which are not only illegal but also exacerbate the suffering of the Palestinian people. The cabinet’s stance reflects Saudi Arabia’s long-held position in support of the Palestinian cause and its commitment to advocating for the rights of the Palestinian people on the international stage. The kingdom has consistently worked to galvanize the international community to address the issue and has been a key sponsor of peace initiatives aimed at resolving the Palestinian-Israeli conflict.
Moving on to the second major topic of discussion, the council of ministers engaged in a comprehensive dialogue regarding the initiatives aimed at securing the stability of the oil market. The global economy has been facing unprecedented challenges, and the oil market, in particular, has seen significant volatility in recent times. The cabinet expressed commendation for the dedication and efforts demonstrated by oil-producing countries, particularly those within the Organization of the Petroleum Exporting Countries (OPEC), in their commitment to stabilizing the market. The council acknowledged the collaborative actions taken by OPEC and its allies, often referred to as OPEC+, which have played a crucial role in balancing supply and demand to ensure a fair and stable oil price for producers and consumers alike. Saudi Arabia, as the world’s largest oil exporter and de facto leader of OPEC, has been instrumental in crafting and implementing strategies aimed at stabilizing the oil market, especially in the wake of the economic downturn caused by the COVID-19 pandemic. The kingdom’s proactive engagement in oil diplomacy has been vital in forging consensus among oil-producing nations to adjust production levels in response to fluctuating global demand. The Saudi cabinet reiterated its resolve to continue working closely with OPEC and non-OPEC partners to monitor the market and take necessary measures to support the oil industry’s recovery. The council highlighted the importance of maintaining balance and stability in the oil market for the benefit of the global economy and underscored the kingdom’s readiness to take further actions if needed. The cabinet’s strong statements on both the Palestinian issue and the oil market are indicative of Saudi Arabia’s strategic priorities. The kingdom has long championed the rights of Palestinians and has been a vocal critic of policies that threaten the feasibility of a two-state solution. Saudi Arabia’s peace plan, often referred to as the Arab Peace Initiative, has been a cornerstone of its foreign policy, proposing normalized relations between the Arab world and Israel in exchange for a withdrawal from occupied territories and a fair solution for Palestinian refugees. In terms of energy policy, the kingdom’s leadership in OPEC has been a balancing act of defending its own economic interests while also considering the broader implications for energy markets and international relations. Saudi Arabia’s actions within OPEC+ have shown a sophisticated understanding of the dynamics of supply and demand, as well as a willingness to engage with other major producers, including Russia, to coordinate production cuts or increases as needed. As the Saudi cabinet continues to address these critical issues, its actions will undoubtedly have a profound impact on the geopolitical landscape. The kingdom’s unwavering support for Palestinians’ rights demonstrates a commitment to justice and international norms, while its role in stabilizing the oil market highlights its influence on a key sector of the global economy. In dealing with the Palestinian situation, Saudi Arabia also understands the complexities of regional politics and the need for a coordinated Arab response. The kingdom has been at the forefront of efforts to unite Arab countries in their stance against the displacement of Palestinians and the expansion of Israeli settlements, believing that a unified Arab voice can exert more significant pressure on the international community to act. Regarding the oil market, Saudi Arabia’s approach has been one of cautious optimism. While commending the progress made thus far, the cabinet remains vigilant in monitoring global economic indicators and stands ready to respond to any threats to market stability. The kingdom’s experience and leadership in this sector have been critical in navigating the challenges posed by fluctuating demand and geopolitical tensions that can disrupt oil supply and pricing. The recent cabinet session in Riyadh highlights Saudi Arabia’s dual role as a staunch defender of Palestinian rights and a key player in the global oil economy. The kingdom’s leadership has demonstrated a clear vision for the future—one that seeks justice and stability in both regional politics and international markets. The cabinet’s decisions and statements will continue to shape the discourse around these issues, reinforcing Saudi Arabia’s position as a pivotal actor on the world stage.
By Cora Sulleyman