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Significance
In exchange, US President Joe Biden wants a major diplomatic win ahead of the 2024 presidential elections by ‘normalising’ Saudi-Israeli diplomatic ties. On July 19, President Isaac Herzog had said Israel is praying for normalisation with Saudi Arabia and is thankful for US mediation.
Impacts
Diplomatic traffic between Riyadh and Washington will increase.
Saudi-Israeli business ties will grow, and Israeli companies will engage quietly in the kingdom’s plans to diversify the economy.
The United Arab Emirates (UAE) will deepen ties with Israel despite Israeli actions against the Palestinians.
Keywords:
ME/NAF,
United States,
Israel,
Saudi Arabia,
international relations,
politics,
foreign policy,
defence,
nuclear energy,
security
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2023
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