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Antony Blinken tells AIPAC Israel-Saudi ties are a priority while 2-state solution ‘can feel remote’
WASHINGTON (JTA) — The Biden administration is fully invested in Israel-Saudi normalization, Secretary of State Antony Blinken told the pro-Israel lobbying group AIPAC on Monday. He also said he does not see a breakthrough in Israeli-Palestinian peace happening anytime soon.
“The United States has a real national security interest in promoting normalization between Israel and Saudi Arabia,” Blinken said Monday to applause at a policy summit of the American Israel Public Affairs Committee.
He said it was critical not to escalate the Israel-Palestinian conflict but also made it clear that the Biden administration would not push for a revival of peace talks in the near term. “It’s no secret that today the prospects for a two-state solution can feel remote,” he said. “But we are committed to working with partners and with the parties to at least maintain a horizon of hope.”
The emphasis on regional normalization over pushing Israel into reengagement with the Palestinians will be welcomed in Jerusalem, where Prime Minister Benjamin Netanyahu is leading the most right-wing government in Israeli history, and has intensified Israeli claims to disputed territory.
Netanyahu additionally has said his foreign policy priority is a deal with Saudi Arabia. The Biden administration last year helped broker the launch of Israeli overflights of Saudi air space.
Blinken formally announced that the Biden administration would name a senior official to manage the Abraham Accords, the 2020 normalization agreements between Israel and four Arab nations that was a signature foreign policy achievement of the Trump administration, and one of the few Trump policies embraced by Biden.
“We will soon create a new position to further our diplomacy and engagement with governments and private sector, non-governmental organizations, all working toward a more peaceful and a more connected region,” he said. “We’ve already achieved historic progress to deepen and broaden the Abraham Accords, building on the work of the Trump administration.”
Biden has already decided chosen former ambassador to Israel Dan Shapiro for the role, Axios reported last month. Shapiro is already leading an Abraham Accords expansion initiative at the influential Atlantic Council think tank.
Among the agenda items for the 500 AIPAC activists when they visit most of the offices in Congress on Tuesday is lobbying for the passage of bills that would advance the Abraham Accords, through diplomacy and cooperative projects.
Blinken emphasized continuing Biden administration unhappiness with some Israeli practices that have intensified under the. new Israeli government, including the demolition of Palestinian homes and settlement expansion.
He also emphatically condemned the Palestinian Authority’s policies of subsidizing the families of terrorists who were imprisoned or killed in the course of their actions.
“We have to continue to reject unequivocally actions taken by any party that undermine the process toward a two state solution processes use a solution that includes acts of terrorism, payments to terrorists in prison, violence against civilians,” he said. Israeli and pro-Israel officials have long complained that pressure on Israel not to escalate is not matched with similar pressure on the Palestinians.
Blinken also alluded to Biden administration concerns about plans by Netanyahu’s government — suspended for the time being — to radically overhaul the courts system.
“We’ll continue to work with the Israeli government to advance our shared values will continue to express our support for core democratic principles, including the separation of powers, checks and balances and the equal administration of justice for all citizens of Israel,” he said.
Opponents of the proposed changes, who have been staging massive weekly protests in Israel and smaller demonstrations around the world, say the overhaul would sap the courts of their independence and remove a bulwark that protects democracy and vulnerable populations, including women, Arabs, the LGBTQ community and non-Orthodox Jews. The courts overhaul is one reason Biden has yet to invite Netanyahu to the White House.
AIPAC’s agenda also includes bills that would further isolate Iran, which Israel regards as its most dangerous enemy. At the outside of his term, Biden sought to revive the deal with Iran that exchanged its agreement to roll back its nuclear development in exchange for sanctions relief; Trump had pulled out of the deal.
More recently, U.S. officials have said Iranian actions, including advanced nuclear activity and its backing for Russia in its invasion of Ukraine, have put a freeze on those plans. Blinken said diplomacy remains the preferred way to keep Iran from obtaining a nuclear weapon, but he said pressure was the preferred method for now. Deterrence, he said to applause, “includes strengthening Israel’s military capabilities.”
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Dollar Struggles to Rebound as Fragile US-Iran Ceasefire Keeps Markets Wary
U.S. $100 bills. Photo: Wikimedia Commons.
A fragile calm reigned across currency markets on Thursday as traders kept their eyes fixed on whether the ceasefire between the US and Iran would hold, a day after its announcement sent the dollar tumbling across the board.
The deal appeared to be on thin ice, as Israel bombed more targets in Lebanon, and there was no sign Iran had lifted its blockade of the Strait of Hormuz, which has caused the worst disruption to global energy supplies in history.
Iranian negotiators were expected to set off later on Thursday for Pakistan for the first peace talks of the war, but Tehran said there would be no deal as long as Israel was striking Lebanon.
President Donald Trump said all US ships, aircraft, and military personnel would stay in place in and around Iran until it fully complied with a deal.
The uncertainty left currency markets on edge.
The euro was up 0.17 percent at $1.1683. It had gained 0.6 percent on Wednesday, but retreated late in the day having touched a one-month high of $1.1721 earlier in the session.
Sterling similarly was 0.21 percent higher at $1.342, after gaining 0.77 percent on Wednesday, but retreating from as high as $1.348.
Meanwhile, the Japanese yen lost some ground, with the dollar up 0.3 percent at 159.055 yen, having briefly dropped below 158 on Wednesday.
With the Strait of Hormuz closed, “the entire ceasefire remains tenuous,” said Derek Halpenny, head of research global markets EMEA at MUFG. But, he added, “while the US dollar has rebounded, the moves in general have been modest.”
He said the fact that further talks scheduled in Pakistan were still going ahead was keeping any retracement of Wednesday’s moves in check.
Elsewhere, new personal spending data released on Thursday showed that US inflation increased as expected in February and likely rose further in March amid the war with Iran, a trend that is expected to discourage the Federal Reserve from cutting interest rates for a while.
The personal consumption expenditures price index climbed 0.4% after an unrevised 0.3 gain in January, the Commerce Department’s Bureau of Economic Analysis said on Thursday.
Japan’s consumer confidence worsened in March for the first time in three months, a government survey showed on Thursday, adding to a recent string of data pointing to the potential economic hit from the Middle East war, which would complicate the Bank of Japan’s rate-hike decision. The yen showed little reaction to the data.
Speaking in parliament, BOJ Governor Kazuo Ueda said real interest rates were clearly negative and were keeping the country’s financial conditions accommodative.
Other currencies were also broadly steady. The Australian dollar was 0.15 percent higher at $0.7054, while the New Zealand dollar was 0.46 percent higher at $0.585. In cryptocurrencies, bitcoin was last down 0.97 percent at $70,680.
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Opposition Leader Lapid Calls the Ceasefire with Iran a ‘Political Disaster’
FILE PHOTO: Israeli opposition leader Yair Lapid delivers a statement at the Knesset, Israel’s parliament,, in Jerusalem, February 13, 2023. REUTERS/Amir Cohen/File Photo
i24 News – Israeli opposition leader Yair Lapid on Wednesday launched a sharp attack on the ceasefire agreement reached between the United States and Iran, calling it a “political disaster” and directly blaming Prime Minister Benjamin Netanyahu.
In a post on X, Lapid said the agreement sidelined Israel from critical decisions affecting its national security. “Never in our entire history have we experienced such a diplomatic disaster,” he wrote, adding that “Israel wasn’t even at the table when decisions were made regarding the core of our security.”
Lapid accused Netanyahu of failing to translate military achievements into strategic gains, despite praising the performance of the Israeli military and the resilience of the public during the conflict. “The army has accomplished everything that was asked of it, and the citizens have shown remarkable strength,” he said.
However, he argued that those efforts were not matched by political leadership. “Netanyahu has failed politically, failed strategically, and has not achieved any of the goals he set for himself,” Lapid added.
The opposition leader also warned of long-term consequences stemming from the agreement, saying the fallout could take years to repair. He criticized the government’s handling of the crisis, citing what he described as “arrogance, negligence, and a lack of strategic vision.”
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A Toll for Using Hormuz Would Be a ‘Dangerous Precedent’, UN’s Ship Agency Says
A map showing the Strait of Hormuz is seen in this illustration taken June 22, 2025. Photo: REUTERS/Dado Ruvic/Illustration
Imposing a toll on ships sailing through the critical Strait of Hormuz would “set a dangerous precedent” and countries should not impede freedom of navigation, the UN’s shipping agency said on Thursday.
Iranian officials have raised the idea of charging a toll for using the Strait after a two-week ceasefire between the United States and Tehran was agreed this week.
“There is no international agreement where tolls can be introduced for transiting international straits. Any such toll will set a dangerous precedent,” a spokesperson with the UN’s International Maritime Organization said.
IMO countries adopted the UN Convention on the Law of the Seas, or UNCLOS, which outlines the rules that govern straits used for international navigation.
“According to UNCLOS, ships enjoy the right of transit passage through international straits. States bordering straits shall not hamper that right or suspend the transit passage,” the IMO spokesperson said.