Overview
- Saudi Arabia is open to accepting a political commitment from Israel for the creation of a Palestinian state to secure a U.S. defense pact before the 2024 presidential election.
- The potential deal faces significant political and diplomatic hurdles, especially due to the ongoing Israel-Hamas war.
- Saudi Arabia's willingness to forego concrete steps towards a Palestinian state is seen as a bid to enhance security against Iran and advance its economic transformation.
- Israeli Prime Minister Benjamin Netanyahu's opposition to Palestinian statehood poses a major obstacle to the agreement.
- The deal could reshape Middle East geopolitics by uniting long-time foes and bolstering defenses against common threats.