Get the latest market trends in your inbox

Stay on top of the latest market trends and economic insights with the Axios Markets newsletter. Sign up for free.

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Catch up on coronavirus stories and special reports, curated by Mike Allen everyday

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Denver news in your inbox

Catch up on the most important stories affecting your hometown with Axios Denver

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Des Moines news in your inbox

Catch up on the most important stories affecting your hometown with Axios Des Moines

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Minneapolis-St. Paul news in your inbox

Catch up on the most important stories affecting your hometown with Axios Twin Cities

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa Bay news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa Bay

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Charlotte news in your inbox

Catch up on the most important stories affecting your hometown with Axios Charlotte

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

King Abdullah II of Jordan said in an interview with the German magazine Der Spiegel that Israeli annexation of parts of the West Bank “will lead to a massive conflict with Jordan."

Why it matters: This is the harshest statement by the King regarding possible annexation of parts of the West Bank by Israel. It comes days after Secretary of State Mike Pompeo visited Israel for talks with Israeli leaders and ahead of the swearing in of the new Israeli government on Sunday.

What he’s saying: When asked if Jordan would suspend its peace treaty with Israel if the annexation takes place, King Abdullah said: “I don't want to make threats and create an atmosphere of loggerheads, but we are considering all options."

  • The King stressed that all parties in the region should focus now on fighting the coronavirus together rather than dealing with unilateral annexation of the West Bank.
  • “Leaders who advocate a one-state solution do not understand what that would mean. What would happen if the Palestinian National Authority collapsed? There would be more chaos and extremism in the region," he said.

The backstory: The coalition deal that allowed Prime Minister Benjamin Netanyahu to form a new government says he can bring "the understandings with the Trump administration" on annexation up for a vote in the cabinet or parliament as early as July 1 — but only with the full agreement of the White House.

  • The Trump administration does not view the new Israeli government's July 1 deadline to begin the process of annexing parts of the West Bank as a "do or die" date, a senior U.S. official told me.

What's next: Jordan has been lobbying the U.S. and EU member states for the last several weeks to discourage the new Israeli government from moving forward on annexation of the West Bank. The foreign ministers of the 27 member states of the EU met today via video conference to discuss the issue.

  • Jordanian foreign minister Ayman Safadi made several phone calls in the last few days to his counterparts from France, Spain and other countries in the EU and asked them to take steps to deter the new Israeli government from annexing parts of the West Bank.

Go deeper

Aug 22, 2020 - Politics & Policy

Scoop: Kushner plans trip to Middle East to encourage more Gulf states to normalize with Israel

Jared Kushner. Photo: Getty Images

President Trump's senior adviser Jared Kushner and White House envoy Avi Berkowitz are expected to travel to the Middle East and visit Israel along with several Gulf states during the first week of September to check on the U.S.-brokered normalization deal between Israel and the United Arab Emirates, Israeli and Arab officials tell me.

The state of play: Kushner and his delegation are expected to congratulate leadership in Israel and the UAE on the normalization deal and get updates on progress of the talks between the countries regarding possible agreements they may want to sign.

Trump targets Liz Cheney and other Republicans as "weak" in new escalation of GOP civil war

Photo: Tasos Katopodis/Getty Images

Addressing a huge crowd of loyal supporters south of the White House, President Trump declared that he will never concede to Joe Biden and attacked "weak Republicans" — calling out "the Liz Cheneys of the world" — for failing to support his efforts to overturn the results of the election.

Why it matters: It's a new escalation in Trump's war against the GOP, which has pitted Senate Majority Leader Mitch McConnell and other mainstream Republicans against the most popular figure in the party. Cheney is a member of House Republican leadership, meaning that Minority Leader Kevin McCarthy will likely be forced to respond.

Biden to pick Merrick Garland for attorney general

Joe Biden touches Merrick Garland after President Obama nominated him to the Supreme Court in March 2016. Photo: Nicholas Kamm/AFP via Getty Images

President-elect Joe Biden has decided to nominate Judge Merrick Garland for attorney general, seeking to place in the nation's top law enforcement job a respected federal appeals judge whose Supreme Court nomination Republicans blocked five years ago, Politico first reported.

Why it matters: News of the selection came just hours after the nation learned that Democrats would likely win both Senate runoffs in Georgia and take control of the Senate, making it harder for Republicans to block nominations.