US and Saudis agree terms for Israel normalization – report – Saudi Arabia will recognize Israel in exchange for concessions to the Palestinians, US security guarantees, and help with a civilian nuclear program, „The Wall Street Journal“ reports. | Globes

The US and Saudi Arabia have, „agreed on the broad contours of a deal for Saudi Arabia to recognize Israel in exchange for concessions to the Palestinians, US security guarantees, and civilian nuclear help,“ „The Wall Street Journal“ reports citing sources in Washington. The sources believe that the process could be completed within 9-12 months. The report was immediately felt on the markets with the shekel strengthening, after heavy losses over the past week, and the Tel Aviv 35 Index up 1.23%.