Geopolitical risk increases in the Middle East

The cabinet reshuffle in Israel and the deteriorating health of the Saudi king are expected to bring new geopolitical uncertainties in the region. In addition, the death of Iranian President Ebrahim Raisi in a helicopter crash was also noted as a critical development. The cabinet reshuffle in Israel and the deteriorating health of the Saudi Arabian king are expected to present new uncertainties that could result in increased geopolitical risks in the Middle East. Benny Gantz, who is the leader of the Israeli opposition but served in the war cabinet established for operations in Gaza, announced that he would resign from the war cabinet if a new plan for Gaza was not presented by June 8. Although Gantz's resignation will not result in the dissolution of the war cabinet, it is expected to increase the pressure on Israeli Prime Minister Benjamin Netanyahu. Netanyahu last met with US National Security Council Chairman Jake Sullivan on Monday. In addition, Saudi Arabia's Crown Prince Mohammed bin Salman canceled his trip to Japan due to King Salman's deteriorating health. 88-year-old Saudi Arabian King Salman bin Abdulaziz was hospitalized with pneumonia.