The testing ground for the Iran-Saudi normalization deal, announced on Friday and brokered by China, will be in Yemen.
Why it matters: The truce that halted fighting in Yemen expired in October, though diplomacy has continued and full-scale warfare hasn't resumed. The Saudis seem desperate to pull out after eight years fighting the Houthi rebels, who ousted a Saudi-allied government from the capital in 2015.
The White House on Monday unveiled details of a joint agreement with the U.K. and Australia tosupply the latter nation withnuclear-powered submarines.
Why it matters: It's the first concrete step taken by the trilateral strategic partnership, known as AUKUS, that was announced in 2021 and seeks to counter China's influence across the Asia-Pacific region.
The big picture: SVB was the 2nd largest bank in history to fail, but the FDIC steps in to help bank failures more commonly than people realize: It has worked for depositors of hundreds of failed banks since 2001.
Government and non-government representatives from Israel and several Arab countries are expected to convene on Tuesday in Abu Dhabi for three days to discuss cooperation in agriculture, water and food security, the organizers of the N7 initiative told Axios.
Why it matters: Relations between Israel and the Arab world are at one of their lowest points since the signing of the Abraham Accords in September 2020.
Saudi Arabia initially approved a request for Israeli Foreign Minister Eli Cohen to enter the country this week for the UN World Tourism Organization conference, but wouldn't seriously discuss the diplomat's security details, effectively blocking his trip, three Israeli officials said.
The big picture: In the past, Israeli ministers used UN conferences and international sports competitions as a way to visit Arab countries that Israel didn't have diplomatic relations with, mainly the United Arab Emirates.
Why it matters: Despite its name, the bank best known for serving startups as its customers is a global business, with outposts outside of the U.S. in Europe, Canada, Israel and a Chinese joint venture.
Texas authorities issued a warning to residents Friday to avoid traveling to Mexico during spring break, and beyond, due to the ongoing violence throughout that country.
The big picture: The warning from the Texas Department of Public Safety (DPS) comes after four Americans were kidnapped last week and three other women went missing last month after crossing the border from Texas — stoking fear among authorities and travelers.
