Saudi Arabia said that forming diplomatic ties with Israel requires establishing a Palestinian state. Saudi Foreign Minister Prince Faisal bin Farhan told Bloomberg Thursday that an agreement to create a Palestinian state would be a precondition to establishing formal diplomatic ties with Israel. "We have said consistently that we believe normalization with Israel is something that is very much in the interest of the region," noted Prince Faisal. "However, true normalization and true stability will only come through giving the Palestinians hope, through giving the Palestinians dignity." Regarding Saudi Arabias relations with China and the United States, bin Farhan reiterated that Washington remains the Kingdoms top security partner, even as ties warm with China. The US is "the most active security partner in the region," he said, though "China continues to be an important trading partner." Regarding Ukraine, Prince Faisal noted that an end to the Russia-Ukraine war could also be achieved "through negotiation." Saudi Arabia is engaging with Russia over keeping the oil price "relatively stable," he said. On Syria, the Saudi foreign minister said countries in the region should work together to find a "political solution" to an ongoing 12-year civil war.