Saudi Arabia just cleared the decks for war with Iran

TOPSHOT- Children sit amidst the rubble of a house hit by Saudi-led coalition air strikes two days earlier on the outskirts of the Yemeni capital Sanaa

TOPSHOT- Children sit amidst the rubble of a house hit by Saudi-led coalition air strikes two days earlier on the outskirts of the Yemeni capital Sanaa

Air strikes began at midnight and continued for five hours, according to locals on the ground.

"We will treat the government of Lebanon as a government declaring a war because of Hezbollah militias", Minister for Gulf Affairs Thamer al-Sabhan told Saudi news station Al-Arabiya.

"The United States is committed to containing Iran's destabilizing actions and will not turn a blind eye to these serious violations of international law by the Iranian regime", Haley said. On Tuesday, Hariri traveled to the United Arab Emirates, a close Saudi ally, in an apparent attempt to dispel claims of his detention.

Iran and Saudi Arabia have long been at odds as the regions main rivals.

"I assure you that the Kingdom of Saudi Arabia takes very, very seriously the issue of corruption, waste, and mismanagement".

"We continue to encourage Saudi authorities to pursue the prosecution of people they believe to have been corrupt officials", State Department spokeswoman Heather Nauert said.

In a separate and surprise move last Saturday, Lebanon's Prime Minister Saad Hariri in a televised broadcast from Saudi Arabia unexpectedly resigned.

He also has gone head-to-head with the country's puritanical Wahhabi Islamic religious establishment, which has had an alliance with the House of Saud since the 1700s.

No one was hurt as the missile broke up and fell on an unpopulated area near Riyadh's airport, but analysts said it was unlikely such a weapon could have come from any other source but Iran.

"It was an Iranian missile, launched by Hezbollah, from territory occupied by the Houthis in Yemen", Adel al-Jubeir told CNN on Monday.

"If the uncertainty in Saudi Arabia further escalates, oil prices might rise toward $70 per barrel".

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Suncor Energy, which advanced 1.6 per cent to $46.08, gave the index one of its biggest lifts.

"We've seen the activities of Iran in Yemen".

Ash believed Saudi Arabia's reform plan was "meant to make with Saudi Arabia easier as (Saudi Crown Prince Mohammed bin Salman) is offering a reform vision for Saudi Arabia and a reform vision for Islam, to counter the risks of religious extremism".

The ongoing proxy war in Yemen has killed at least 10,000 and injured 40,000, due to mostly Saudi-led airstrikes.

Canada's main stock index added to its record highs on Tuesday, boosted by a jump in the shares of Valeant Pharmaceuticals International Inc after the company's quarterly profit beat estimates, while energy shares also climbed. So far, this promise has not been upheld.

Business Insider reported the Crown Prince has advocated for a return to "moderate Islam" in the country, but there's "little transparency" around the arrests, which are ostensibly part of an anti-corruption purge.


Yemeni forces say the ballistic missile attack came in retaliation for the continued massacre of civilians and destruction of Yemen's infrastructure by the Saudi-led military coalition.

"That idea that the extension is going to be a done deal is still adding buoyancy in the market", said Gene McGillian, director of market research at Tradition Energy in Stamford, Conn.

The 26,500 square-km (10,230 square-mile) zone, known as NEOM, will focus on industries including energy and water, biotechnology, food, advanced manufacturing and entertainment, and will power itself solely with wind power and solar energy.

The developments in the region are not limited to this.

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