Saudi Arabia and Iraq are advancing significant oil investment agreements in a move analysts say reflects broader efforts to reinforce economic ties and stability across the Middle East. The deals are expected to deepen bilateral energy cooperation between the two neighbouring OPEC members, who share both a border and major stakes in global oil markets. Strengthened investment links between Riyadh and Baghdad could help anchor regional economic interdependence at a time of continued geopolitical uncertainty in the wider Gulf and Levant.