This week, Julien Barnes-Dacey welcomes Prince Faisal bin Farhan Al Saud, Saudi Arabia’s minister of foreign affairs, for a fireside chat at ECFR’s Annual Council Meeting. In Prince Faisal’s first public appearance since the Iran-US memorandum of understanding was announced, he and Julien discuss what the deal means for the prospect of stability in the Middle East.

Prince Faisal argues that the memorandum presents an important opportunity to end the conflict and create a diplomatic path forward. While he welcomes efforts to address Iran’s nuclear programme, he stresses that long-term verification mechanisms, freedom of navigation in the Strait of Hormuz and a broader regional security dialogue are essential to building confidence and preventing future crises. He also warns that recent attacks have created a deep trust deficit between Iran and its Gulf neighbours, making any meaningful economic rapprochement a long-term challenge.

Julien and Prince Faisal explore Saudi Arabia’s role in supporting diplomacy between Washington and Tehran, the need to balance deterrence with diplomatic engagement, and how regional actors can rebuild trust after the conflict. They also discuss Israel’s opposition to the agreement, the future of Gaza, the importance of a political horizon for Palestinians and whether military approaches alone can deliver long-term security in the Middle East.

Is the Iran-US agreement a foundation for a more durable regional security framework? How can Iran and its neighbours rebuild trust? What role should the US, Europe and Middle Eastern powers play in shaping the next phase of diplomacy? And is there still a viable path towards a broader political settlement in the Middle East?

This episode was recorded on June 17th 2026.

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