British Official to Asharq Al-Awsat: Saudi Crown Prince’s Visit Ushers in New Era of Ties

Saudi Crown Prince Mohammed is welcomed at London airport. (SPA)
Saudi Crown Prince Mohammed is welcomed at London airport. (SPA)
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British Official to Asharq Al-Awsat: Saudi Crown Prince’s Visit Ushers in New Era of Ties

Saudi Crown Prince Mohammed is welcomed at London airport. (SPA)
Saudi Crown Prince Mohammed is welcomed at London airport. (SPA)

The visit of Saudi Crown Prince Mohammed, Deputy Prime Minister and Minister of Defense, to London has made headlines across Britain. It marks the second stop of his international tour and serves as an opportunity to bolster Saudi-British ties. His first stop saw him visit Egypt for three days.

Talks in Britain will center on trade, supporting stability in the Middle East and preserving security partnership and expanding it to many fields.

A spokeswoman for the Foreign Office told Asharq Al-Awsat that Prince Mohammed’s visit “will usher in a new era of bilateral relations, focused on a partnership that delivers wide-ranging benefits for both of us.”

This includes creating and sustaining job opportunities in Britain and encouraging more social reform in Saudi Arabia.

“We are also seeking to bolster cooperation between our countries to tackle international challenges, including the conflict and humanitarian crisis in Yemen,” she added.

Days earlier, British Foreign Secretary Boris Johnson had declared that the future of the region and Muslim world depends on Prince Mohammed’s success in his reform mission. He highlighted the importance of security cooperation with Saudi Arabia, saying that intelligence information presented by Riyadh was a decisive factor in combating terrorism.

British MP Rehman Chishti told Asharq Al-Awsat that Saudi Arabia and Britain enjoy historic ties and the Crown Prince’s visit will bolster this relationship.

He highlighted the trade relationship between Riyadh and London, noting that exchange between them has risen 40 percent since 2010.

In addition, he said that Vision 2030 that was declared by Prince Mohammed provides major trade and investment opportunities for British companies. It allows them to offer their services and skills in the Saudi economy, which will benefit both countries and achieve economic growth.

The visit will also bolster security and defense ties, he said, while noting security cooperation between Saudi Arabia and Britain and the exchange of intelligence aimed at defeating terrorist plots.

Chishti expected Prince Mohammed and British officials to tackle the situation in the Middle East, saying that it would be “great opportunity” to address challenges in the region, including the situation in Syria.

He cited British Prime Minister Theresa May’s Gulf Cooperation Council speech in Manama in 2016 in which she stressed the need for cooperation to confront Iran’s threat to the region. He said that Prince Mohammed’s visit will serve as an opportunity to assess what has been done since then to counter Iran.

In addition, he said that as Britain nears its departure from the European Union, the Saudi Prince’s visit will open a new door of advanced trade relations with the Kingdom.

Prince Mohammed’s three-day visit will include two audiences with the British Royal family, a briefing with national security officials, and a prestigious visit to the prime minister’s country residence.

He will meet May on Thursday and the two leaders will launch a “UK-Saudi Strategic Partnership Council” - an initiative to encourage Saudi Arabia’s economic reforms and foster more cooperation on issues such as education and culture, as well as defense and security.



Oil Prices Extend Gains on Concerns of Potential US-Iran Conflict

FILE PHOTO: The Phillips 66 Lake Charles Refinery is pictured in West Lake, Louisiana, US, June 12, 2018. REUTERS/Jonathan Bachman/File Photo
FILE PHOTO: The Phillips 66 Lake Charles Refinery is pictured in West Lake, Louisiana, US, June 12, 2018. REUTERS/Jonathan Bachman/File Photo
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Oil Prices Extend Gains on Concerns of Potential US-Iran Conflict

FILE PHOTO: The Phillips 66 Lake Charles Refinery is pictured in West Lake, Louisiana, US, June 12, 2018. REUTERS/Jonathan Bachman/File Photo
FILE PHOTO: The Phillips 66 Lake Charles Refinery is pictured in West Lake, Louisiana, US, June 12, 2018. REUTERS/Jonathan Bachman/File Photo

Oil prices rose on Thursday as the US and Iran attempted to ease a standoff in talks over Tehran's nuclear program while both sides heightened military activity in the key oil-producing region.

Brent futures climbed 23 cents, or 0.3% to $70.58 a barrel by 0735 GMT, while US West Texas Intermediate (WTI) crude gained 25 cents, or 0.4%, to trade at $65.44 a barrel.

Both benchmarks settled more than 4% higher on Wednesday, posting their highest settlements since January 30, as traders priced in the risk of supply disruptions in the event of ‌a conflict.

"Oil prices are ‌rallying as the market becomes increasingly concerned over the potential ‌for ⁠imminent US action ⁠against Iran," said ING analysts in a Thursday note.

Iranian state media reported the country had shut down the Strait of Hormuz for a few hours on Tuesday, without making clear whether the waterway had fully reopened. About 20% ⁠of the world's oil supply passes through the waterway.

"Tensions between Washington ‌and Tehran remain high, but the prevailing view ‌is that full-scale armed conflict is unlikely, prompting a wait-and-see approach," said Hiroyuki Kikukawa, chief strategist of ‌Nissan Securities Investment, a unit of Nissan Securities.

"US President Donald Trump does not ‌want a sharp rise in crude prices, and even if military action occurs, it would likely be limited to short-term air strikes," Kikukawa added.

A degree of progress was made during Iran talks in Geneva this week but distance remained on some issues, the White House said on Wednesday, ‌adding that it expected Tehran to come back with more details in a couple of weeks.

Iran issued a notice to ⁠airmen (NOTAM) that ⁠it plans rocket launches in areas across its south on Thursday from 0330 GMT to 1330 GMT, according to the US Federal Aviation Administration website.

At the same time, the US has deployed warships near Iran, with US Vice President JD Vance saying Washington was weighing whether to continue diplomatic engagement with Tehran or pursue "another option".

Meanwhile, two days of peace talks in Geneva between Ukraine and Russia ended on Wednesday without a breakthrough, with Ukrainian President Volodymyr Zelenskiy accusing Moscow of stalling US-mediated efforts to end the four-year-old war.

US crude and gasoline and distillate inventories fell last week, market sources said, citing American Petroleum Institute figures on Wednesday, contrary to expectations in a Reuters poll that crude stocks would rise by 2.1 million barrels in the week to February 13.

Official US oil inventory reports from the Energy Information Administration are due on Thursday.


OpenAI's Altman Says World 'Urgently' Needs AI Regulation

OpenAI’s CEO Sam Altman speaks at the AI Summit in New Delhi, India, Thursday, Feb. 19, 2026. (AP Photo)
OpenAI’s CEO Sam Altman speaks at the AI Summit in New Delhi, India, Thursday, Feb. 19, 2026. (AP Photo)
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OpenAI's Altman Says World 'Urgently' Needs AI Regulation

OpenAI’s CEO Sam Altman speaks at the AI Summit in New Delhi, India, Thursday, Feb. 19, 2026. (AP Photo)
OpenAI’s CEO Sam Altman speaks at the AI Summit in New Delhi, India, Thursday, Feb. 19, 2026. (AP Photo)

Sam Altman, head of ChatGPT maker OpenAI, told a global artificial intelligence conference on Thursday that the world "urgently" needs to regulate the fast-evolving technology.

An organization could be set up to coordinate these efforts, similar to the International Atomic Energy Agency (IAEA), AFP quoted him as saying.

Altman is one of the hosts of top tech CEOs in New Delhi for the AI Impact Summit, the fourth annual global meeting on how to handle advanced computing power.

Frenzied demand for generative AI has turbocharged profits for many companies while fueling anxiety about the risks to individuals and the planet.

"Democratization of AI is the best way to ensure humanity flourishes," Altman said, adding that "centralization of this technology in one company or country could lead to ruin".

"This is not to suggest that we won't need any regulation or safeguards," he said. "We obviously do, urgently, like we have for other powerful technologies."

Many researchers and campaigners say stronger action is needed to combat emerging issues, ranging from job disruption to sexualized deepfakes and AI-enabled online scams.

"We expect the world may need something like the IAEA for international coordination of AI," with the ability to "rapidly respond to changing circumstances", Altman said.

"The next few years will test global society as this technology continues to improve at a rapid pace. We can choose to either empower people or concentrate power," he added.

"Technology always disrupts jobs; we always find new and better things to do."

Generative AI chatbot ChatGPT has 100 million weekly users in India, more than a third of whom are students, he said.

Earlier on Thursday, OpenAI announced with Indian IT giant Tata Consultancy Services (TCS) a plan to build data center infrastructure in the South Asian country.


Russia's Lavrov Warns against Any New US Strike on Iran

FILE PHOTO: Russia's Foreign Minister Sergei Lavrov speaks during an annual press conference in Moscow, Russia, January 14, 2025. REUTERS/Evgenia Novozhenina/File Photo
FILE PHOTO: Russia's Foreign Minister Sergei Lavrov speaks during an annual press conference in Moscow, Russia, January 14, 2025. REUTERS/Evgenia Novozhenina/File Photo
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Russia's Lavrov Warns against Any New US Strike on Iran

FILE PHOTO: Russia's Foreign Minister Sergei Lavrov speaks during an annual press conference in Moscow, Russia, January 14, 2025. REUTERS/Evgenia Novozhenina/File Photo
FILE PHOTO: Russia's Foreign Minister Sergei Lavrov speaks during an annual press conference in Moscow, Russia, January 14, 2025. REUTERS/Evgenia Novozhenina/File Photo

Russian Foreign Minister Sergei Lavrov, in ‌an interview made public on Wednesday, said that any new US strike on Iran would have serious consequences and called for restraint to find a solution to enable Iran to pursue a peaceful nuclear program.

Lavrov's interview with Saudi Arabia's Al-Arabiya television was aired a day after US and Iranian negotiators held indirect talks in Geneva to head off a new mounting crisis between Washington and Tehran, Reuters said.

"The consequences are not good. There have already been strikes on Iran on ‌nuclear sites ‌under the control of the International Atomic ‌Energy ⁠Agency. From what ⁠we can judge there were real risks of a nuclear incident," Lavrov said in the interview, which was posted on his ministry's website.

"I am carefully watching reactions in the region from Arab countries, Gulf monarchies. No one wants an increase in tension. Everyone understands this is playing with fire."

Boosting ⁠tensions, he said, could undo the ‌positive steps of recent years, including ‌improved relations between Iran and nearby countries, notably Saudi Arabia.

A senior ‌US official told Reuters on Wednesday that Iran was ‌expected to submit a written proposal on how to resolve its standoff with the United States after the talks in Geneva.

US national security advisers met in the White House on Wednesday and ‌were told all US military forces deployed to the region should be in place ⁠by mid-March, ⁠the official said.

The United States wants Iran to give up its nuclear program, and Iran has adamantly refused and denied it is trying to develop an atomic weapon.

Lavrov said Arab countries were sending signals to Washington "clearly calling for restraint and a search for an agreement that will not infringe on Iran's lawful rights and ... guarantee that Iran has a purely peaceful nuclear enrichment program".

Russia, he said, remained in close, regular contact with Iran's leaders "and we have no reason to doubt that Iran sincerely wants to resolve this problem on the basis of observing the Nuclear Non-Proliferation Treaty".