Iran and Saudi Arabia opened embassies for trade
A few days after the signing of an agreement between Iran and Saudi Arabia to reopen embassies. The kingdom’s Finance Minister Mohammed al-Jadaan said that his country could soon be investing in the Islamic Republic.
Iran and Saudi Arabia announced last Friday a Chinese-brokered deal to restore relations. After decades of enmity and a formal cutting of ties in 2016. The rapprochement has been touted as a momentous development in the region. But how it ultimately impacts the Middle East remains a very open question. As the long adversarial powers are fighting a proxy war in Yemen and continue to support opposing sides across the region. Amid perceived U.S. retrenchment from the Middle East, the deal is a diplomatic win for China. As it increasingly seeks to present an alternative vision...