China brokers Iran/Saudi Peace Deal in Beijing

[Sampanviking]

Contrary to low key reporting that I have seen in West's MSM, have no doubt that this is very big news, not only in terms of the parties involved, but the location of the agreement.

https://www.bbc.co.uk/news/world-middle-east-64906996

Very little has been made public about the agreements reaches, but most informed pundits are quite sure that none of this would have happened, unless:

a) The broker. China, did not have something substantial of its own to offer both parties as a way to start the diplomatic process in the first place

b) That both sides were prepared to make major concessions to the other in areas of core security interests.

The consensus of opinion is that Iran will have agreed not to develop Nuclear weapons and the Saudi's will have agreed to rein back their involvement in Yemen and Syria etc.
Their is little doubt that China was able to achieve this by offering incentives and benefits associated with the New Belt and Road Initiative, plus of course the ability of both countries to be able to sell Oil in currencies other than the US dollar.

This is being seen as the public acknowledgment of the widely anticipated Saudi pivot away from the US and towards BRICS and the SCO, a move incidentally that will not be lost on Turkey who will fully understand what Rapprochement between Iran and Saudi Arabia really means.

For US foriegn policy and the future of the Petrodollar, this is nothing short of a disaster, as it overturns decades of aggressive divisiveness and isolation by sanctions at a stroke.
For a sworn enemy of the US to repair ties with the country that the US regarded as its foremost regional ally at a stroke would have been unthinkable and easily dismissed as fantastic wishful thinking. Now of course it is reality.
For this to happen under any circumstances would be unhappy news for Washington, to see it unfold in Beijing and the banner of real global leadership pass to the Chinese will be chilling in the extreme.

Another big loser in this regard is Israel. No wonder they have yet to make any public comment.