India, May 22 -- Saudi Arabia reportedly plans to sign a regional non-aggression pact with Iran. Though nothing has been officially done, the reasons suggested are to ensure the safety of economic infrastructures and to stabilise West Asia in the wake of the devastating conflict between Iran and the US-Israel joint offensive. Saudi infrastructure have also been hit by the Islamic Revolutionary Guard Corps (IRGC) during the latter's conflict with the US and Israel. The Saudi economy depends heavily on crude oil exports. It has not fully diversified its economy. The Neom city project and Vision 2030 have not decoupled the Saudi economy from conventional reliance on fossil fuel exports.

The US-Israel and Iran conflict will not end very soon...