The government of Saudi Arabia over the last year has been edging closer and closer and closer, at their own pace, at their own decision-making process, towards a formal peace treaty with Israel. That is not us [the U.S.]. That is not Israel. That is Saudi Arabia who is trying to make this happen. And so Iran, it appears, has been nudging Hamas to throw some spanners into the works, and there’s nothing like an invasion of an open air prison with 2.3 million people in it [Gaza] to generate spanners. So the Iranian hope here is that it scraps the peace process. And they may get what they want; it’s too soon to know. So the Saudis are having a generational fight over how important the Palestinians are to them mentally and culturally. The older generation is very pro-Palestinian; younger generation couldn’t care less. And sooner or later the King (older generation) is going to die. Arguably, he’s already a vegetable. And that leaves Mohammed bin Salman, the crown prince, who – if he’s not assassinated – is probably going to be king for the next 40 or 50 years…
Even if the older generation intends to dominate today, I don’t think we’re going to have an economic war like we did with OPEC because the generation that’s making all the actual operational decisions doesn’t want it. So odds are, from an economic point of view, this is very tightly contained, and limited.
~ Peter Zeihan, "It's the End of Globalization as We Know It,"
interview with Dan Ferris,
Stansberry Investor Hour, 30:25 mark, October 23, 2023
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