SAUDI-IRAN DEAL: PROSPECTS & IMPLICATIONS FOR THE REGIONAL STABILITY IN THE MIDDLE EAST

Abstract

The historic Saudi-Iran deal, reached in Beijing on March 10, 2023, signifies a significant turning point in the enduring Saudi-Iranian rivalry, which has had far-reaching effects on regional conflicts. This research paper critically examines the prospects and implications of the Saudi-Iran deal on regional stability in the Middle East, providing insights into potential transformative shifts and the challenges ahead. This study comprehensively analyses the evolving Saudi-Iran relationship by analyzing the underlying motivations propelling Saudi Arabia and Iran towards rapprochement, including shared economic interests and regional influence aspirations, and acknowledging the detrimental effects of prolonged hostility. Furthermore, this research also underscores the waning influence of the United States in Middle Eastern affairs, coinciding with the rise of China’s diplomatic presence in the region. China’s role as a reliable mediator in facilitating the Saudi-Iran deal highlights its expanding role and introduces new implications for regional stability and global power dynamics. Finally, this paper inspects the geopolitical consequences of the Saudi-Iran deal, delving into its potential impact on other regional conflicts, the intricate power dynamics, and the roles played by non-state actors.