"Prospects and Challenges of Iran-Saudi Arabia Reconciliation"

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Source: OilPrice.com
"Prospects and Challenges of Iran-Saudi Arabia Reconciliation"
Photo: OilPrice.com
TL;DR Summary

China brokered a historic agreement between Saudi Arabia and Iran to restore diplomatic relations, potentially cooling off the Middle East's geopolitical cauldron. The détente could make it easier for China to do business in the region, including taking part in the development of Saudi Arabia's considerable metals and minerals reserves. The deal could also signal a global geopolitical shift to a new order dominated by China, as it appears willing to work with everyone and score geopolitical points on the global stage.

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