“U.S. and Saudi Arabia have agreed on the broad contours of a deal for Saudi Arabia to recognize Israel in exchange for concessions to the Palestinians, U.S. security guarantees and civilian nuclear help, according to U.S. officials.

U.S. officials expressed cautious optimism that, in the next nine-to-12 months, they can hammer out the finer details of what would be the most momentous Middle East peace deal in a generation. But they warn that they face long odds.”

Source