The Biden administration is working on a deal between Israel and Saudi Arabia that could be a game changer for the Middle East. Such an opening would show just how much the tectonic plates in the region are shifting away from regional tensions, civil wars, and threats from terrorism toward a new, more promising phase of greater stability and prosperity.
An Israel-Saudi deal would also be a major achievement for the global economy. It would bring one small regional economic and technological powerhouse that punches above its weight in the world’s economy with a G-20 member that has played the dominant role in global energy markets for decades.
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