China’s big win in the Middle East
China had a diplomatic triumph last week that was a disaster for the US. In a vacuum, Saudi Arabia and Iran re-establishing relations would be a good thing, reducing the risk of conflict between two Middle East powers that have been engaged in proxy wars for years. But nothing happens in a vacuum, and this deal was brokered by China. Before Friday, Iran was in an accelerating downward economic spiral, with its currency at a record low. The country was increasingly viewed as the pariah that it is, alienated from much of the world as it pushed ahead with its nuclear program, supplied Russia with arms, and brutally suppressed its own citizens. Normalization does not fundamentally change that, but it does give Tehran breathing room at a time when the pressure should be increasing.