Saudi Arabia and the Islamic Republic of Iran are two important states of the Middle East but their relationships are strained for decades due to ideological differences. After the rise of Muhammad Bin Salman, the young crown Prince of Saudi Arabia, the old enmity of ideological and religious differences with Iran has transformed into geo-economic hegemony in the region. The purpose of the current study is to highlight the geo-economic factor in the strained relationship betwe en Riyadh and Tehran along with the implications thereof for Saudi-Iran relations. Hegemonic stability theory has been implied on this qualitative work as focus is on Muhammad Bin Salman’s rise since 2015. The data shows that this paradigm shift is inherently driven by Saudi Arabia's opprobrium view of Iran's military capabilities. The crown prince wants to create hegemony in the region through its strong and thriving economy as Iran is under international sanctions. This research shows that the geo-economic hegemony in Saudi-Iran relationship is clearly visible after the rise of Muhammad Bin Salman and his vision 2030 is a clear manifestation of it. Beside confrontation there also lies opportunities between them where they can cooperate as both are largest producer of oil in the region. The joint venture in oil sector can lift the whole region and ummah.
Key words: Saudi Arabia, Iran, Muhammad Bin Salman, Ideological difference, Geo-economics, Strained relationship, Hegemony.
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