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S. Arabia Halts Lebanon Deals Over Iran

S. Arabia Halts Lebanon Deals Over Iran
S. Arabia Halts Lebanon Deals Over Iran

Saudi Arabia announced on Friday it is halting deals worth $4 billion aimed at equipping and supporting Lebanese security forces in retaliation for the tiny country's siding with Iran amid the kingdom's spat with the Islamic Republic.

The announcement, carried by the Saudi Press Agency, comes as the deeply divided Lebanon struggles to handle the fallout from neighboring Syria's raging civil war, AP reported.

Lebanese Prime Minister Tammam Salam said his government "deeply regretted" the Saudi decision, adding that this is a sovereign matter for the kingdom.

 

Financialtribune.com