China is expected to rebalance its ties with Israel as US-Israeli air strikes on Iran reshape the region’s security landscape, but analysts say it is unlikely to abandon its long-standing “balanced diplomacy” in the Middle East. The strikes began on Saturday after nuclear talks between Washington and Tehran reached a stalemate and tensions spiralled. Iran’s supreme leader, Ayatollah Ali Khamenei, the 86-year-old cleric who had dominated the Islamic Republic’s political system for nearly four...