Plan would offer incentives for Israel to end war with Hamas.
Accord would pave the way for Saudis to get advanced weapons.
The US and Saudi Arabia are nearing a historic pact that would offer the kingdom security guarantees and lay out a possible pathway to diplomatic ties with Israel if its government brings the war in the Gaza Strip to an end, people familiar with the matter said.
Such an agreement would potentially reshape the Middle East.
Beyond bolstering Israel and Saudi Arabia’s security, it would strengthen the US’s position in the region at the expense of Iran and even China.
The pact may offer Saudi Arabia an arrangement strong enough to need the US Senate’s approval and even give the world’s biggest oil exporter access to advanced US weapons that were previously off-limits.
Once the US and Saudi Arabia settle their agreement, they would present Israeli Prime Minister Benjamin Netanyahu with a choice: either join the deal, which would entail formal diplomatic ties with Saudi Arabia for the first time, more investment and regional integration, or be left behind.
The key conditions for Netanyahu would be no small feat — ending the Gaza war and agreeing to a pathway for Palestinian statehood.
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