Given its geographical positioning, with Saudi Arabia on one side of it and Iran on the other, Qatar has long played a delicate diplomatic balancing act between the two great Middle Eastern powers and their principal superpower sponsors. In Saudi Arabia’s case, its key superpower backer for decades was the U.S., and in Iran’s case over the same period it was Russia and then China more latterly as well. Recently, Saudi Arabia also appears to have shifted further into this China-Russia axis, for several reasons analysed in my previous OilPrice.com articles.…
