Riyadh | BETH
14 Shawwal 1447H | April 2, 2026

Introduction

Saudi Crown Prince and Prime Minister, Prince Mohammed bin Salman bin Abdulaziz Al Saud, received a phone call from Russian President Vladimir Putin, during which they discussed developments in the Middle East, particularly the evolving crisis related to Iran, as well as the stability and balance of global oil markets.

In this context, President Putin affirmed Russia’s support for safeguarding the sovereignty and security of the Kingdom’s territory.

Coverage

According to the Kremlin, the call addressed in detail a number of regional issues, with a focus on containing escalation and advancing political solutions aimed at restoring stability in the region.

President Putin affirmed Russia’s commitment to bringing the war in the Middle East to an end as soon as possible, expressing Moscow’s readiness to do everything necessary to support efforts toward restoring peace.

In the same context, Kremlin spokesperson Dmitry Peskov stated that Russia is prepared to contribute to a settlement of the conflict by supporting political and diplomatic pathways, while confirming the continuation of Russian contacts with leaders across the region and beyond.

Peskov added that President Putin is maintaining a series of international consultations, including with leaders of Gulf and Arab states, aimed at de-escalation and transitioning the situation from a military trajectory to a political one as quickly as possible.

BETH Analysis

The inclusion of global oil markets in the discussion is not a marginal economic detail, but a clear indicator of the intersection between two tracks:
the military developments in the region… and their direct impact on global energy stability.

With rising tensions around the Strait of Hormuz, any reference to “market balance” carries a dual message:

• Reassurance to concerned global markets
• Reinforcement of Saudi Arabia’s role as a key pillar in stabilizing energy supplies

The call also reflects Saudi Arabia’s continued positioning as a central bridge between major powers—not only politically, but economically—at a time when geography and energy are increasingly intertwined.

At the same time, Moscow appears to recognize that any potential settlement will remain incomplete without addressing its implications for oil markets, further embedding the economic dimension as an integral component of any future political resolution.