Saudis and Iran Will Renew Ties

<i> Associated Press</i>

Iran and Saudi Arabia said Wednesday they will restore diplomatic relations next week, a move likely to raise Tehran’s standing in the Persian Gulf and promote regional security.

Simultaneous announcements in Riyadh and Tehran said that ties between the two competing Muslim powers will be re-established Tuesday.

The agreement apparently was hammered out during a meeting Monday in Oman.