Arch-rivals Iran and Saudi Arabia concur to revive ties, reopen embassies

Regional foes Iran and Saudi Arabia agreed to resume diplomatic relations and reopen embassies in every other’s countries, equally governments declared by using their condition media companies.

“As a outcome of the talks, Iran and Saudi Arabia agreed to resume diplomatic relations and re-open embassies …within just two months,” Iran’s information agency IRNA documented Friday.

Saudi Arabia’s condition Saudi Press Agency verified the announcement in its personal assertion.

This is a breaking news story and will be current shortly.

Supply

World

Tanker diplomacy: Trump faces tests from Havana to Hormuz

April 17, 2026

A man stands as a tugboat guides the Russian oil tanker Anatoly Kolodkin at the oil terminal in the port of Matanzas, northwestern Cuba, on March 31, 2026. Yamil Lage | Afp | Getty Images Energy shipments are increasingly being used as foreign policy tool as the Trump administration attempts to hold down two blockades […]

World

Israel’s central bank chief pins hopes on peace as economic shock looms

April 17, 2026

The Israeli economy is facing a significant hit to growth projections as a result of the Middle East conflict — but its central bank chief is hopeful that a rapid resolution to the wars in Lebanon and Iran can help ease the shock. Speaking with CNBC’s Karen Tso at the IMF-World Bank spring meeting in […]

World

Spain touts energy resilience to Iran war as Trump tensions cast shadow over trade

April 17, 2026

Wind turbines operated by Gamesa Eloica SA near Zaragoza, Spain, on Wednesday, March 25, 2026. Renewables are helping cushion the blow of higher oil and gas prices in Europe. Bloomberg | Bloomberg | Getty Images Spanish Economy Minister Carlos Cuerpo lauded the country’s energy resilience to the Iran war, saying a pivot to solar and […]