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Milley in a meeting with Israeli Defense Minister Benny Gantz. Photo: Olivier Douliery/AFP via Getty

Israel used the recent visit by Gen. Mark Milley, chairman of the Joint Chiefs of Staff, to pass on several messages to the incoming Biden administration regarding Iran and other regional developments, senior Israeli officials tell me.

Why it matters: Israel is very concerned about President-elect Biden's plans on Iran and the 2015 nuclear deal, but has yet to open direct contacts with the incoming administration. Milley is a potential bridge to Biden's White House because he is expected to stay on beyond the transition.

What they're saying: “We wanted to make our case to the new administration on Iran through someone who is still going to be in the room when Biden assumes office and is going to play a substantive role in any policy review that will take place," an Israeli official said.

Driving the news: Milley arrived in Israel last Thursday after visiting several Arab capitals. It was his third visit to the region this year, and came amid fears of Iranian retaliation over the assassination of Iranian nuclear scientist Mohsen Fakhrizadeh.

  • Milley met with Prime Minister Benjamin Netanyahu, Minister of Defense Benny Gantz and Israel Defense Forces Chief of Staff Gen. Aviv Kochavi.

Behind the scenes: The main message to Milley from the Israelis was that Biden shouldn't rush back into the 2015 deal but should instead take advantage of the fact that Iran is in a weak position, Israeli officials who attended the talks say.

  • If Biden doesn't use the leverage the U.S. has accumulated through its "maximum pressure" sanctions regime, the Israelis argued, he'll find it impossible to make a better deal later.
  • “We stressed that the starting point of any talks with Iran is much better for the U.S. today than it was in 2013. What is needed now is to be tough in order to get a better deal," an Israeli official said.

State of play: Biden says he will return to the 2015 deal if Iran returns to compliance and attempt to use it as a platform to negotiate a broader and longer-lasting deal. That would require the U.S. to lift sanctions and Iran to unwind its recent nuclear activities.

Milley made clear that he still hasn’t had a chance to speak with members of the incoming administration, but said Biden's national security team has a pro-engagement approach to Iran, according to an Israeli official.

  • Milley even referenced John Kerry and Susan Rice among those who could influence the administration's thinking on Iran, an Israeli official said, despite the fact that their roles (Kerry as climate czar, Rice running the Domestic Policy Council) have nothing to do with Iran.

The Israelis also told Milley that the incoming administration should be more flexible when it comes to relations with Saudi Arabia and the United Arab Emirates, despite concerns over their records on human rights, the officials said.

  • “We think it is important the next administration will keep the momentum of the normalization process, and we think that at the current point in time what needs to lead U.S. policy is this historic regional opportunity. So we hope the new administration will look at the complexities and not burn the bridges with those countries," an Israeli official told me.

What’s next: The major policy gaps between the Israeli government and the incoming U.S. administration will likely lead to tensions. Those tensions could increase ahead of Israel's elections, expected in March, if Netanyahu makes his objections to Biden's policies a part of his campaign.

Go deeper

Jan 28, 2021 - World

Israel's chief epidemiologist creates diplomatic incident with UAE

Israeli travelers arrive in Dubai. Photo: Karim Sahib/AFP via Getty Images

A remark by Israel’s chief epidemiologist suggesting the opening of direct flights from Dubai to Tel Aviv had led to COVID-19 deaths in Israel resulted in diplomatic protests from the UAE, Israeli officials tell me.

Why it matters: Direct flights were one of the main fruits of the Israel-UAE peace treaty, and around 130,000 Israeli tourists have taken advantage by flying to Dubai since December.

Jan 28, 2021 - World

Biden turns the page on Trump's Israel-Palestine policies

Biden with Palestinian President Mahmoud Abbas in 2010. Photo: David Furst/AFP via Getty Images

The Biden administration laid out its Israel-Palestine policy at the UN Security Council on Tuesday, highlighting the importance of repairing ties with the Palestinian Authority.

Driving the news: According to the new policies, the U.S. will resume aid to the Palestinians and reopen the PLO office in Washington and the consulate in Jerusalem.

Dion Rabouin, author of Markets
35 mins ago - Economy & Business

Stock buybacks are kicking back into high gear

Illustration: Aïda Amer/Axios

It was expected that with the economy improving and company balance sheets already loaded with cash, U.S. firms would slow down their debt issuance in 2021 after setting records in 2020. But just the opposite has happened.

Why it matters: Companies generally issue bonds for one of two reasons — because they're worried about not having enough cash to cover their expenses or because they want to lever up and make risky bets.