Iran, Saudi Arabia agree to restore diplomatic ties in landmark deal brokered by China
Date
3/14/2023 9:09:21 AM
(MENAFN) The announcement of the restoration of diplomatic relations between Iran and Saudi Arabia after seven years of tensions has potential wide-ranging implications for the Middle East and global dynamics. A tripartite statement was issued in Beijing, signed by high-level representatives from both countries, as well as a member of the Chinese Communist Party. The agreement included the resumption of diplomatic relations, the reopening of embassies, and representatives within two months, with the foreign ministers of the two countries to meet to implement the decision and make necessary arrangements for the exchange of ambassadors.
The significance of this agreement has been examined by Chinese, Iranian, and Arab scholars and politicians. One expert, Prof. Yuan Zhang, has discussed China's role in the security architecture of the Middle East and North Africa. Another expert, Amir M. Esmaeili, has scrutinized the role of Iran in regional and global dynamics. Lastly, El Houcine Zraidi has investigated how the Saudi-Iran agreement might transform the Arab World and in which ways.
The agreement marks a significant shift in the Middle Eastern geopolitical landscape, potentially leading to the establishment of a new balance of power in the region. The involvement of China in brokering the deal also highlights the growing importance of China in the region, particularly as the United States seeks to reduce its footprint in the Middle East. The agreement could also have implications for global oil markets, as Iran and Saudi Arabia are two of the world's largest oil-producing countries. The coming months will reveal the extent of the agreement's impact and whether it will lead to further positive developments in the region.
MENAFN14032023000045014146ID1105775471
Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.