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While I think that the PLAN is definitely looking to increase militarization and sovereignty in the South China Sea, I doubt it will happen before January 1, 2025 seeing as they have been pre-occupied with recent internet security leaks and increasing concerns over Chinese economic conditions decreasing the state's legitimacy. I see Xi prioritizing domestic economic stimulus ahead of militarization for the time being.
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Considering the fickle nature of the Middle East right now, and noting Iran's critical position in the conflict, I think it's highly unlikely Khamenei will give up his role as Supreme Leader anytime soon. Especially considering his vow of revenge against Israel after their strikes in Lebanon, I find it unlikely he will be leaving that commander-in-chief position if he can help it.
Despite consistent diplomatic visits and negotiations, investing funding and construction resources into building a military base seems too much of stretch, particularly during considerable economic decline.