CNBC News Corrections

A man in Tehran holds a local newspaper reporting on its front page the China-brokered deal between Iran and Saudi Arabia to restore ties, signed in Beijing the previous day, on March, 11 2023.
The China-brokered Saudi-Iran deal has big repercussions for the Middle East — and the U.S.

This article has been updated to reflect that Bader al-Saif is an assistant professor of history at Kuwait University, not Khalifa University.