Group, which includes Western rivals Russia and China, also to welcome Argentina, Egypt, and Ethiopia in 2024; Tehran hails 'strategic victory for Iran's foreign policy'

China-brokered deal brought about renewal of ties between Middle East powers after they were severed in 2016 over Riyadh's execution of Shiite cleric

Iran has intensified its diplomacy in recent months, seeking to reduce its isolation, improve its economy and project strength

The two Muslim nations have renewed their ties in recent weeks following Chinese brokering, marking an end to seven years of tension

Treasury Department says the individuals and entities 'facilitated procurement of sensitive and critical parts and technology for key actors' developing ballistic missiles

Tehran says new ambassador Alireza Enayati will be on hand for Tuesday ceremony at compound, shuttered in wake of 2016 attacks on Saudi missions in Iran

Tehran's Beijing-sponsored pivot towards detente and strategic alliance with Sunni Muslim states presents significant new security challenges for Israel and the US

Agreement between two regional foes seen as major diplomatic triumph for Beijing as Gulf Arab states perceive United States winding down its involvement in Middle East

Joint statement issued with China after Iranian president visits Beijing also rejects Western standards of human rights and democracy

Iranian President Raisi issues reciprocal invitation as he concludes trip to China; Beijing and Tehran call for an end to sanctions imposed over Iran's nuclear program