'The biggest winner to emerge from the Iran-Saudi reconciliation is China, stamping Beijing’s emergence as the new powerbroker in a changed global order.’ Opinion | buraakelmali
A tectonic shift occurred last week in the Gulf, taking the world by surprise. After years of severed diplomatic relations, Saudi Arabia and Iran – two regional arch-rivals – buried the hatchet in Beijing in a process mediated by China and agreed toWhile secret talks and side-track discussions had been going on since April 2021, they did not bear fruit and remained outside public attention.
This commitment was emphasised in Xi Jinping’s keynote speech at the GCC Summit in Riyadh in December 2022, which was initially unwelcome in Tehran. However, a recentChina’s role in brokering this rapprochement has allowed Beijing to deepen economic ties in the region while challenging the traditional American role as the primary mediator of negotiations worldwide.
Although the White House officially welcomed the appeasement between the two arch-rivals, it is reasonable to argue that China’s gain is Washington’s loss as the world shifts towards multipolarity and offers new opportunities for Beijing to display its soft power. The restoration of diplomatic ties between Iran and Saudi Arabia is expected to bring positive geopolitical and economic outcomes for both countries.
While it may be challenging for Saudi Arabia to deepen economic cooperation with Iran due to concerns about potential backlash from Western nations, resolving the civil war in Yemen is Riyadh’sA peaceful solution to the Yemeni civil war would significantly alleviate Saudi Arabia’s security and economic concerns, heightened by the highly-publicised Houthi attacks on airports, oil storage facilities, and cities.
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