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Stocks with Strong Market Sentiment in India Elite AI Stock Forecasts ✌️【Long-term Investment】✌️ Free stock data analysis to help you select stocks accurately and capture market trends. Adefense treatywould solidify the seven-decade security alliance between Saudi Arabia and the US, and tie them ever closer to each other as US adversaries like Iran,Russiaand China seek toexpand their influencein the Middle East. Israeli Prime Minister Benjamin Netanyahu has long sought relations with Saudi Arabia, home of Islam’s holiest sites, as the move could domino across the wider Muslim world.
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Stocks with Strong Market Sentiment in India Elite AI Stock Forecasts ✌️【Long-term Investment】✌️ Free global stock market data to help you plan the best investment strategies and seize market opportunities. The first component includes a package of agreements between the US and Saudi Arabia, another component has the normalization of relations between Saudi Arabia and Israel, and a third component for a pathway to a Palestinian state.
For normalization to be realized between Saudi Arabia and Israel, there has to be a pathway for a Palestinian state and “calm in Gaza,” US Secretary of State Antony Blinken told a panel at an economic conference in Riyadh this week.
“The work that Saudi Arabia and the United States have been doing together in terms of our own agreements, I think is potentially very close to completion, but then in order to move forward with normalization two things will be required: calm in Gaza and a crediblepathway to a Palestinian state,” he said.
On the sidelines of the forum, Blinken met Saudi Crown Prince Mohamed bin Salman (MBS) to discuss the deal, theState Departmentsaid. Experts describe the Saudi-US pact as a “comprehensive set of understandings” that would include security, economic and technological guarantees to the kingdom, as well as support for its civilian nuclear program.
Stocks with Strong Market Sentiment in India Elite AI Stock Forecasts ✌️【Long-term Investment】✌️ Expert predictions with real-time stock, futures, and metals, energy data to help you quickly recover and grow. The normalization dealis expected to be modeledon the Abraham Accords, a set of treaties that saw four Arab states recognize Israel in 2020 that sidestepped the longstanding Arab demand for an independent Palestinian state as a prerequisite to recognition of Israel. MBS had said earlier that a pact with Israel would be “the biggest historical dealsince the Cold War.”
In 2021, Netanyahu described the Accords as enabling Israel to replace “the old and dangerous doctrine of territories in exchange for peace and brought peace in exchange for peace, without giving up a single inch” and sought to expand what he called the “circle of peace.”
Stocks with Strong Market Sentiment in India Elite AI Stock Forecasts ✌️【Long-term Investment】✌️ Real-time India stock and global stock indices, futures prices, and data to help you make efficient investment decisions. Since then, the Biden administration has made Israel-Saudi normalization central to its Middle East policy. The US and Saudi Arabia had continued discussions on the pact in 2023, and Blinken was expected to fly to Riyadh on October 10 last year to discuss the details, just three days before Hamas attacked Israel, postponing the effort.
Stocks with Strong Market Sentiment in India Elite AI Stock Forecasts ✌️【Long-term Investment】✌️ Expert predictions with real-time stock trend analysis to help you quickly select high-potential stocks and grow capital. The subsequent Israeli assault on Gaza, which has left the enclave in ruins and killed more than 34,000 Palestinians, may have changed the parameters of the deal for Saudi Arabia, analysts say. Now Israel’s acceptance of a component calling for an “irreversible” pathway to a Palestinian state would be key to the crucial normalization component of the wider deal.
“We have the broad outlines on what needs to happen on the Palestinian front…credible, irreversible [pathway to a Palestinian state],” Saudi Foreign Minister Prince Faisal bin Farhan told a World Economic Forum panel without referencing normalization with Israel.
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“If there is a mutual defense agreement negotiated in the form of a treaty, it needs 67 votes in the Senate to become binding. Without normalizing the Israeli-Saudi relationship and ensuring the security needs of Israel regarding the Palestinian file, there would be very few votes for a mutual defense agreement between the US and Saudi Arabia,” Graham said on X in response to reports of Saudi Arabia opting for a “plan B” to the agreement.
Experts say that Biden could be able to bypass Congress to reach the agreement by modeling it around another security agreement it signed with Bahrain last year.
“There is another pathway, modeled around the Comprehensive Security Integration and Prosperity Agreement the Biden administration signed with Bahrain in September of 2023,” according to Firas Maksad, Senior Fellow and Director for Strategic Outreach at the Middle East Institute in Washington DC. The text of that pact “explicitly states that other parties may be invited to join,” he said.
However, there has been no indication that the Biden administration would opt to bypass Congress for the bilateral agreement with Saudi Arabia to pass.
For Saudi Arabia, a bilateral agreement with the US would be a major victory, marking an end to the era when Biden sought to undermine MBS by pledging to turn his country into a “pariah” after the murder of Washington Post columnist Jamal Khashoggi at the hands of Saudi intelligence officials in Turkey.
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“Saudi Arabia would like to make a deal with the United States and this is probably the best time during the Biden administration to help some of the stickier issues get through Congress,” according to Karen Young, a senior research scholar at Columbia University’s Center on Global Energy Policy, referring toenrichment of nuclear materials.
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On Wednesday, Democratic Senator Edward J. Markey, co-chair of the Nuclear Weapons and Arms Control Working Group, called on the Biden administration to ensure thatRiyadh commits to forego enrichmentand reprocessing of nuclear material, citing MBS as saying previously that Saudi Arabia would develop a nuclear weapon if Iran does too.
“The path towards Middle East peace should not include the prospect of a nuclear-armed Saudi Arabia, which would undermine the interests of the US, allies, and partners across the region,” he said in his letter.
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“It is often described as Article 4.5, stopping just short of a treaty alliance that requires Senate approval but providing for a written commitment of mutual defense,” Maksad said, referring to the NATO treaty’s Article 5, which obliges all member states to come to the defense of any state facing attack.
“There will still be room for a multilateral security agreement that eventually includes Israel, along with Saudi Arabia, Bahrain, the U.S. and others, when political circumstances allow…the choice will be Israel’s, when it’s ready to put something on the table that moves the ball forward towards a two-state solution with the Palestinians,” Maksad said.
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