Alarm bells are ringing in Riyadh as fears grow that the fragile Iran–U.S. ceasefire could be on the verge of collapse. As Iranian and American forces trade fire in and around the Strait of Hormuz, Saudi Crown Prince Mohammed bin Salman is scrambling to contain a crisis that threatens both Gulf oil routes and global trade. After urgent calls with President Donald Trump and Iranian envoy Abbas Araghchi, Saudi Arabia has issued its fourth warning in as many days, urging both sides to step back from the brink. Riyadh’s ambassador to the UN, Abdulaziz al-Wasel, has warned that any disruption to shipping in the Strait of Hormuz could send shockwaves through international supply chains and global markets. While Trump publicly downplays the latest clashes as a mere “love tap”, Iran claims it has damaged U.S. warships and forced destroyers to pull back from the strategic chokepoint. With alleged Iranian-linked attacks near the UAE and U.S. strikes on Iranian targets, the question now is stark: is the region sliding back into open conflict?