In a statement issued Monday, the Ministry of Foreign Affairs said the Kingdom welcomed the efforts of both countries to reach a lasting agreement that would contribute to regional and international security and stability.

The Kingdom also commended the mediation efforts undertaken by Pakistan and Qatar, as well as the positive engagement shown by the United States and Iran, which helped pave the way for the agreement.

Saudi Arabia further emphasized the importance of restoring security for navigation and maritime traffic in the Strait of Hormuz to the conditions that existed before Feb. 28.