The Chinese-brokered agreement to resume normal diplomatic relations between Riyadh and Tehran means that an Iranian invasion of the KSA after Israel (and the US) neutralize the Iranian nuclear weapons program, is off the table and that is good news for the global economy. Yet, it does not mean that the threat of an Iranian conquest of the Arab world is off the table but rather that Iran first wants to destroy Israel so as to pave the way for the Hidden Imam to re-emerge from occultation. It will neither affect trilateral Saudi-American-Israeli negotiations for normalization between Riyadh and Jerusalem nor prospects for a MENA defense alliance which is contingent on peace between the KSA and the Jewish state. However, it means that a neutralization of the nuclear weapons program will not cause a global oil crisis and that is important in and of itself, including for Israel obviously. Yet, it makes sense that MBS is dragging out negotiations with Jerusalem and Washington as he naturally only wants to conclude an agreement after the end of the Northern War between Israel and the Iranian Axis.