The escalating Middle East conflict has led to a shift in relations between Arab nations in the Persian Gulf. In his latest piece, Bloomberg Opinion columnist Javier Blas writes: "I don't think the oil market has fully appreciated the change in tone of Saudi-Iranian relations, including the re-establishment of diplomatic relations last year after Chinese mediation and ongoing regional diplomacy."

Blas discusses how the unlikely bedfellows are whispering neutrality on the conflict around Israel, on "The Pulse with Francine Lacqua."
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