Running hot and cold-Gulf balances on the edge of war and peace

With war and peace hanging in the balance, tensions in the Gulf are running hot and cold. Saudi and Iranian leaders are this week walking back from the brink, signalling that they want to avoid outright military confrontation and manage rather than resolve differences. In fact, there is every reason to believe that neither Riyadh nor Tehran has a vested interest in a definitive solution of the Middle East and North Africa’s multiple problems.