Time Magazine
•74% Informative
Friday's Iran-Saudi deal has cast China in an unfamiliar role as global truce-broker.
It's a development that signifies President Xi Jinping’s new willingness to leverage his economic clout in third-party negotiations.
The question now is whether China is willing to step up to play a central role negotiating a settlement in Russia-Ukraine conflict.
China leveraged the fact that it’s by far the biggest customer for Middle Eastern energy exports and the top trading partner for both countries.
It also exploited frictions between the U.S. and Saudi Arabia over the murder of journalist Jamal Khashoggi and Riyadh's ongoing participation in a pandemic-era oil pact with Russia.
A Xi-brokered peace in Ukraine would certainly amplify that notion of American decline.
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