A Saudi-Israeli normalization agreement is conditional on the establishment of a Palestinian state, a statement released by the Foreign Ministry said this morning. The Kingdom rejected settlement, annexation or displacement of Palestinians as “non-negotiable” with new or old US administrations, the statement added.

The statement marks the latest reiteration of Saudi’s public stance on establishing ties with Israel, after Prime Minister Benjamin Netanyahu said he believed “peace between Israel and Saudi Arabia is not only feasible, I think it’s going to happen.” Netanyahu’s statements came during a press conference with US President Trump that called for resettlement of Palestinians into neighboring countries.

BACKGROUND- Talks for a normalization of ties between the Kingdom and Israel are nearing a “breakthrough,” Israel’s ambassador to the US claimed recently. Efforts led by the Biden administration last year to secure the agreement — which was originally designed to include a defense pact and cooperation on nuclear technology and AI — fell through due to the outbreak of the war in Gaza.