Commentary: China’s Saudi Arabia-Iran diplomatic move highlights its rising influence in Middle East

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The deal China brokered will extend its trade, energy, financial and maritime power, and highlights the waning of the United States’ influence in the Gulf, says an economist.

between Iran and Saudi Arabia in an effort to de-escalate tensions and bring more stability to the Middle East.

Under such conditions, economic incentives can drive a peace-building process. Peacefully resolving conflicts benefits countries not directly entangled in the disputes. By 2022, exports totalled US$9.44 billion and continued to grow exponentially in early 2023. Russia has recently overtaken China as the largest foreign investor in Iran, but China remains its largest oil customer.

However, it’s worth noting some commentators point out that previous efforts at reconciliation between Iran and Saudi Arabia were unsuccessful, while others question whether they will adhere to the terms of the agreement.

Saudi Arabia and Iran provide a strong basis for the diversification of China’s energy options and also to pre-empt any potential move by the United States to constrain its access to the Gulf’s resources.

 

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中東本來就不喜歡猶太人的國家尤其是美國!

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