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 Minneapolis-St. Paul

Please enter a valid email.

Please enter a valid email.

Subscription failed
Thank you for subscribing!

Tampa-St. Petersburg news in your inbox

Catch up on the most important stories affecting your hometown with Axios Tampa-St. Petersburg

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!

President Trump presided over U.S.-brokered normalization agreements between Israel and Bahrain and the United Arab Emirates at the White House on Tuesday, cementing formal diplomatic ties between the countries through deals with few public details.

Why it matters: "The last Arab state to make peace with Israel was Jordan, in 1994. Egypt was the first, in 1979. The agreement is also significant for relegating the Palestinians to the sidelines," WashPost reports.

What they're saying: “We’re here this afternoon to change the course of history,” Trump said on the White House South Lawn. “After decades of division and conflict, we mark the dawn of a new Middle East."

  • Netanyahu: "Ladies and gentlemen, Mr. President, this day is a pivot of history. It heralds a new dawn of peace. For thousands of years, the Jewish people have prayed for peace. For decades, the Jewish state has prayed for peace. ... To all of Israel's friends in the Middle East, those who are with us today and those who will join us tomorrow, I say, Salaam aleichem. Peace unto thee. Shalom!"
  • UAE Foreign Minister Abdullah bin Zayed Al Nahyan: "Prime Minister Benjamin Netanyahu, thank you for choosing peace and for halting annexation of Palestinian territories. That position reinforces our shared goal to achieve better future for generations to come."
  • Bahrain Foreign Minister Abdullatif bin Rashid al Zayani: "The declaration supporting peace between the kingdom of Bahrain and the state of Israel is an historic step on the road to genuine and lasting peace, security and prosperity across the region and for all who live there regardless of religion, sect, ethnicity or ideology."

Between the lines: There were three documents signed today, reflecting the multiple parties in the room, reports Barak Ravid.

  1. The “Abraham accords declaration” was signed by Trump, Netanyahu and the foreign ministers of the UAE and Bahrain. It focuses on the intentions of all the parties to promote peace in the region.
  2. A "peace declaration” between Israel and Bahrain – a general document short of an agreement which will include a commitment by both parties to draft a peace treaty.
  3. The Israel-UAE peace treaty. The treaty will come into force only after a vote in the Israeli cabinet and in the Israeli Knesset.

Go deeper: UAE minister says Israel agreement will include two-state solution reference

Go deeper

Nov 25, 2020 - World

Bibi Barometer: Gantz's "submarine affair" probe signals end of pact

Photo Illustration: Eniola Odetunde/Axios. Photos: Pool, Gali Tibbon/Getty Images

Israeli Defense Minister Benny Gantz may have put the last nail in the coffin of Israel's power-sharing government when he formed an inquiry panel to probe the "submarine affair," a scandal that has ensnared some of Netanyahu's close advisers and confidants.

Why it matters: For Netanyahu, this is a declaration of war by his coalition partner. The inquiry could lead to the conclusion that Netanyahu mishandled sensitive national security matters and cause him major political damage.

Nov 25, 2020 - World

Scoop: Israeli military prepares for possibility Trump will strike Iran

Defense Minister Benny Gantz attends a cabinet meeting. Photo: Abir Sultan/POOL/AFP via Getty

The Israel Defense Forces have in recent weeks been instructed to prepare for the possibility that the U.S. will conduct a military strike against Iran before President Trump leaves office, senior Israeli officials tell me.

Why it matters: The Israeli government instructed the IDF to undertake the preparations not because of any intelligence or assessment that Trump will order such a strike, but because senior Israeli officials anticipate “a very sensitive period” ahead of Biden's inauguration on Jan. 20.

Updated 3 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: WHO: AstraZeneca vaccine must be evaluated on "more than a press release."
  2. Politics: McConnell temporarily halts in-person lunches for GOP caucus.
  3. Economy: Safety nets to disappear in DecemberAmazon hires 1,400 workers a day throughout pandemic.
  4. Education: U.S. public school enrollment drops as pandemic persists.
  5. Cities: Surge in cases forces San Francisco to impose curfew — Los Angeles County issues stay-at-home order, limits gatherings.
  6. Sports: NFL bans in-person team activities Monday, Tuesday due to COVID-19 surge — NBA announces new coronavirus protocols.
  7. World: London police arrest more than 150 during anti-lockdown protests — Thailand, Philippines sign deal with AstraZeneca for vaccine.

Get Axios AM in your inbox

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!