Diplomacy

The visit is being hailed as a milestone visit in the two neighbouring countries. The two countries have often had disputes on a range of issues. However, in recent months there has been a growing rapprochement between Riyadh and Muscat as high-level officials of the two countries have exchanged visits and conducted extensive consultations on a number of political and economic issues of common interest. A number of trade deals are expected to be signed.

The European Union's envoy to Saudi Arabia has expressed the bloc's understanding of the concerns shared by the Gulf States regarding Iranian activity in the region. Patrick Simonnet, the EU Head of Delegation to Bahrain, Oman and Saudi Arabia was speaking to Asharq Al-Awsat newspaper. Simonnet clarified that the situation today differs from what it was back in 2015 and   many issues needed to be resolved.

Egyptian Foreign Minister Sameh Shoukry headed to Brussels on Saturday (10 July) to hold talks with officials from the European Union on the Grand Ethiopian Renaissance Dam (GERD) crisis. Last week Egypt and Sudan raised the issue at the UN Security Council who in turn entrusted the African Union to resume negotiations between the two countries and Ethiopia. 

The Armenian prime minister, Nikol Pashinyan, met Russian President Vladimir Putin in Moscow on Wednesday (7 July). This was the third face-to face meeting of the two leaders in six months. The two men also speak on the phone often. “Putin’s peace” between Armenia and Azerbaijan has so far held, yet the Kremlin must be under no illusion that it will be plain sailing going forward. There is still a lot of work to be done before Armenia and Azerbaijan commence the journey for peace and reconciliation, and the Russian’s may even have their own reasons for not wanting that process to move too swiftly. The alternative is tight management of the current arrangements, and that may mean many more Putin-Pashinyan meetings to come.

Oil prices jumped to a new high after a disagreement between Saudi Arabia and the UAE about oil production quotas. West Texas Intermediate crude advanced to $76.98 a barrel, the highest since November 2014, as the OPEC+ talks are postponed indefinitely. Meanwhile, Brent crude, the global benchmark, maintained its three-year high of about $77 a barrel. 

The EU High Representative for Foreign and Security Policy, Josep Borrell, has called for more EU engagement with the South Caucasus. Writing on his blog on the website of the European External Action Service, Borrell said that there is a growing expectation on the side of EU member states and partners for the EU to take a more active role in addressing the conflicts in the Eastern neighbourhood. "We are ready to help rebuild not only physical roads and bridges, but also paths to reconciliation and peaceful co-existence," the High Representative said.