Saudi Arabia Offers Iran Investment to Limit Israel-Hamas War

• Kingdom’s offer hinges on Iran reining in its regional proxies

• Riyadh is also working with US and Arab allies to contain Iran

By Sam Dagher

Saudi Arabia has approached Iran with an offer to boost cooperation and invest in its sanctions-stricken economy if the Islamic Republic stops its regional proxies from turning the Israel-Hamas war into a wider conflict, Report informs, citing Bloomberg.

The proposal has been delivered directly and through multiple means since Hamas’s attack on Israel last month and the ensuing war in Gaza, according to Arab and Western officials familiar with the matter.