Will Saudi Arabia be dragged further into the war in Iran?

Core Impact Points

• Saudi Arabia, in coordination with the US, has carried out strikes inside Iraq against armed groups with ties to Iran.
• The strikes have ignited fears of an escalation in the war in Iran, with the Popular Mobilisation Forces (PMF) promising to retaliate.
• The PMF has given the Iraqi government a week to respond to the Saudi attacks, with potential consequences for regional stability.
• The conflict has significant implications for the global oil market, with Saudi Arabia being a major oil producer and exporter.
• The US has been involved in the conflict, with the US-Saudi strikes on Iranian-backed groups in Iraq raising concerns about the potential for further escalation.
• The conflict also has implications for the US economy, with potential disruptions to global oil supplies and trade.