European Midday Briefing: Market Reaction to -2-
WASHINGTON-The Biden administration is pushing for a long-shot diplomatic deal in coming months that presses Israeli Prime Minister Benjamin Netanyahu to accept a new commitment to Palestinian statehood in exchange for diplomatic recognition by Riyadh, U.S. and Saudi officials said.
As inducements to recognize Israel, the White House is offering Riyadh a more formal defense relationship with Washington, assistance in acquiring civil nuclear power and a renewed push for a Palestinian state-a package that U.S. officials say they are in the final stages of negotiating.
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This article is a text version of a Wall Street Journal newsletter published earlier today.
(END) Dow Jones Newswires
April 19, 2024 05:44 ET (09:44 GMT)
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