China and Iran secure major deal with Saudi Arabia, leaving US behind.

China has reportedly brokered a deal between Iran and Saudi Arabia to reestablish diplomatic ties and reopen mutual embassies, raising concerns over the implications for US-Iran nuclear talks, Israeli attempts to normalize ties with regional neighbors, and China's growing influence in the Middle East. While Iran stands to gain economic benefits and more influence over regional matters, Saudi Arabia may not see as much benefit and its top issues with Iran are unlikely to be resolved. The deal is a sign of increasing global competition and partners looking out for their own interests, but experts warn against overreacting and panicking.