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According to U.S. President's Barack Obama magazine interview released on Thursday, wars and chaos in the Middle East will not end until Saudi Arabia and Iran can find a way to "share the neighborhood" and make some kind of peace.

According to U.S. President's Barack Obama magazine interview released on Thursday, wars and chaos in the Middle East will not end until Saudi Arabia and Iran can find a way to "share the neighborhood" and make some kind of peace.

Barack Obama told The Atlantic that the competition between Saudi Arabia and Iran, which has helped to feed proxy wars and chaos in Syria and Iraq and Yemen, requires US to say to their friends, the Saudis, that they have to find an effective way to institute "some sort of cold peace".

Reuters informs Obama also put a share of the blame for the crisis in Libya on Washington's European allies. Libya is embroiled in political chaos after its 2011 uprising and facing a security vacuum and a growing threat from Islamic State.

"When I go back and I ask myself what went wrong, there's room for criticism, because I had more faith in the Europeans, given Libya's proximity, being invested in the follow-up," Obama said in interview.

On Russian President Vladimir Putin, Obama said the two have "very businesslike" meetings, adding: "He understands that Russia's overall position in the world is significantly diminished.